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How it works

The process of buying your home

Shared Ownership


Shared Ownership is a great alternative to renting and perfect if you can't afford to buy a house outright. You don't have to raise a huge deposit based on the full property value. Your mortgage and deposit will cover only the % share you purchase. And you pay a low rent to us on the remaining share. Simple.


Your share will be funded by a mortgage, we will advise you on who to use as its best to use a bank that specialises in shared ownership. We will give you a lease too, entitling you to sell your property or buy more shares, in most cases. The lease also sets out information about repairs, rent and services charges - which are your responsibility.


Who is eligible?


· Your household earnings don’t exceed £90,000 a year (£80,000 outside of London) 

· You're a first-time buyer

· You rent a council or housing association property

· You used to own a home but can’t afford to buy one now

· You are British or are a EU/EEA citizen or have indefinite right to remain

· You have a good credit history

You can't apply if:

· You're able to buy a home outright

· Your household income exceeds £90,000 a year

· You are in rent arrears

· You're not able to meet the cost of rent and mortgage payments

· You aren't going to live there

· You're using the scheme to fund a ‘buy to let’ property

· You currently own your own residential and/or commercial property


Register interest

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