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Shared Ownership

Shared ownership makes buying a

home more affordable, allowing you

to buy a share of between 25% – 75%

of a newbuild property and pay a

subsidised rent on the rest.


The combines monthly cost of rent and mortgage is usually substantially less than if you were to buy the property outright. After the first 12 months you have the option of buying more shares, in multiples of 10% (all the way up to 100%). This known as ‘staircasing’

The following groups are eligible:

  • People who live or work in the same borough or local authority as the development.
  • People who have a local connection (e.g. close family ties in the area).
  • Social tenants (people living in local authority housing or housing association accommodation).
  • Ministry of Defence (MoD) employees.

The following financial criteria applies:

  • A shared ownership property in England (with the exception of London) the maximum household income is £80,000. In London, the maximum household income is £90,000 per annum.
  • The share percentage you can own is linked to your household income and is subject to a financial check from an Independent Financial Adviser (IFA).

For further information about the scheme: Shared Ownership – The absolute truth (PDF download)


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