Is Shared Ownership for me?
Whether it's your first home, or you want to move up or down the property ladder, Shared Ownership can give you an alternative, affordable route to home ownership.
Renters & first time buyers
With deposits starting from just 5% you can get moving sooner than you think!
Growing families
Move up the property ladder by buying a share that’s affordable for you.
Downsizers
Looking for a smaller home? Downsize with ease and peace of mind.
Paige's story
Paige, a 24-year-old Service Delivery Manager from Poole, never thought she’d be able to own a home at such a young age. Shared ownership enabled Paige, a first-time buyer, to step onto the property ladder at Sovereign’s Potters Grove development in Poole.
Read more“For me the best points about owning my own home is the security, freedom, and stability it has given me.”
Paige
Shared Ownership - how it works
Buy a share in a property that you can afford, and pay rent on what's left. It’s an opportunity to buy the home that’s right for you without needing a large deposit or mortgage.
Find out moreFAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.