What is shared ownership?

If you would like to own your own home but can't afford to buy on the open market, shared ownership could be the option for you.

With shared ownership you buy a share in your home and pay a capped rent on the remaining share to us.

Your initial share is typically between 25% and 75% depending on what you can afford.

Buying a share means you will only need a deposit and mortgage for the share you are buying.

As a shared owner you can then purchase more shares in your home when you choose, in most cases, until you own it outright. In some rural areas your share may be restricted to 80%, so that the property remains affordable for local people.

As a shared owner you will be free to decorate your home and can decide when to sell.  

Your lease, and our shared ownership guide, will explain what you can and can't do as a shared owner.

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