Shared ownership gives you all the advantages of home ownership on the terms you can afford.
It's easy. You initially buy a share of a brand new home, which ranges from 25% to 75%, and pay rent on the share that you don't own. So for example, if you buy 40% of your new home from us, you will pay a subsidised rent to us on the 60% that you don't own.
The great thing about Shared ownership is that you can buy a larger share of the property whenever you can afford it. The more you own the less rent you pay. This is called staircasing.
Buying a share in a property also means that the deposit requirements are lower than on the open market, as you only need to raise a deposit for the share that your buying and not the full open market value.
As eligibility criteria differ for each development, please contact us for further details.