If you’re struggling to get your foot on the housing ladder, shared ownership may be a great option for you.
Shared ownership is a fantastic opportunity for people who want to get a foot on the property ladder but can’t afford to buy a home on the open market. It allows you to buy a share in a brand new leasehold property (either a house or an apartment) on a part buy/part rent basis and pay a subsidised rent on the part that you don’t own.
Shared ownership is a great way to get a foot on the housing ladder.
Buying a shared ownership home means you can purchase between 25% and 75% of a property from us.
On our newer developments your initial purchase could be as low as 10% (this is linked to the funding that is used to build a development). That means that you don’t need a big deposit.
You’ll pay a monthly rent for the share of the property that we own. Your mortgage and rent may still be less than if you bought the property outright.
For example, buying a 40% share in a property means you need to pay a deposit and mortgage on the 40% share you own and then pay rent on the 60% of the property we own.
Read the details about the new shared ownership model.
To be eligible for a shared ownership home you need to:
Priority is given to:
If you’re in a position to buy, with savings available to cover solicitor and mortgage fees and you meet the above criteria for shared ownership, you can apply.
We sell new shared ownership homes through Signature New Homes, a part of our organisation which builds homes to help people onto the housing ladder.
Visit Signature New Homes to see the shared ownership homes currently available and how to apply.
Take a look at details of other providers in the area who may have Shared Ownership Homes for sale.
Brand new developments for families and first-time buyers available for shared ownership and outright sale.
We also offer resale shared ownership homes.
