A solution for first time buyers, families, existing shared owners and those looking to get on the property ladder, who otherwise would not be able to afford a 100% ownership.
The buyer purchases a percentage of a property (between 25% and 75%) and pays rent on the remainder.
Is Shared Ownership right for me?
Whether you can participate in the scheme will depend on location and income. For homes in London, purchasers must have a joint household income of £90,000 or less, while outside London the household income cap is £80,000.
Dependent upon the location in which you wish to buy, there might be other criteria applicable such as priority groups, based on local housing needs.
If you can afford to buy more than 75% of the full market property value, you won’t be eligible for the scheme.
The property must be your only home.
Shared Ownership properties are always sold as leasehold
