Shared ownership is a simple, affordable way to own your own home without needing a large mortgage, or the deposit that goes along with it. You buy a share in your home (typically 40%, but in some cases this varies), and rent the remaining share from us at a reduced monthly rent.
In almost all cases you will be able to buy more shares in your home at a later date, and you are also able to sell your home like any other, retaining your share of it's total value.
Whilst we will own the lease on your home, it's yours to decorate and maintain, just like with any other home purchase. It's worth mentioning here that certain homes and developments will have restrictions on what you can and can't do to your home - our team will make sure all of this is explained to you, and that you're happy before you proceed with any purchase.
Finally, a service charge will be paid on any new-build home, to help with upkeep of communal areas, pathways, roads etc. Again this will be explained, and the total cost of your mortgage, reduced-rent and service charge is often still the same, or cheaper, than renting the equivalent property in that location.
Read our Shared Ownership FAQs
Our Buying your home page explains the purchasing steps in a little more detail
Download a PDF guide to Shared Ownership