What is Shared Ownership?

Shared ownership is sometimes called ‘New Build Homebuy’ or ‘part rent/part buy’ and is a government sponsored scheme designed to offer affordable housing to people who can’t afford to buy a suitable home in any other way.

Through shared ownership you can buy a share of the property, which is normally set at 50% and pay rent on the remaining share.

This arrangement may include the option to buy further shares over time, and eventually own your home outright. This process is called ‘staircasing’.

If you are an owner occupier you must have sold your current home before you are able to apply.

Key information for shared owners – click here