Shared Ownership

Shared Ownership If you can’t quite afford the mortgage for 100% of a home, this scheme offers you the chance to buy a share of your home and pay rent on the remaining part. So, you can buy anything from 25% to 75% of your home and then you pay rent on the rest. You […]

Shared Ownership

If you can’t quite afford the mortgage for 100% of a home, this scheme offers you the chance to buy a share of your home and pay rent on the remaining part. So, you can buy anything from 25% to 75% of your home and then you pay rent on the rest. You can buy a 10% share on some homes. Later on, you can buy bigger shares of your home when you can afford it.

You can buy:

  • a new-build home
  • an existing home through a shared ownership resale scheme
  • a home that meets your specific needs, if you have a long-term disability – for example, a ground floor flat

Shared ownership homes are offered by housing associations, local councils, and other organisations.

This scheme works differently in Scotland, Wales and Northern Ireland.

If you think this could be the way to get on the housing ladder, why not give us a call? We can guide you through the process to buy your own home.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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