What is 'Shared Ownership'?

If you can't quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home's value) and pay rent on the remaining share. Later on, once you can afford to, you are able to purchase a larger percentage or the property.

You are able to purchase a property through Help to Buy: Shared Ownership in England if:

  • Your household income is less than £90,000 within London or £80,000 outer London
  • You are a first-time buyer, a former homeowner that can't afford to purchase the whole property, or are an existing owner of a shared ownership property looking to move

With Help to Buy: Shared Ownership, you can buy a new build property or an existing property through a resale programme from a housing association. You'll be required to take out a mortgage to pay for your share of the property purchase price or fund this through savings. Properties purchased through the Help to Buy: Shared Ownership scheme are always leasehold.

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