You buy a share of a new home and pay a rent on the rest - meaning a smaller deposit and lower monthly costs compared with buying outright.

It’s a flexible way to step onto the property ladder, with the option to buy more of your home over time.

Explore available homes or speak to our team to see if Shared Ownership is right for you.

Further information can be found here

A simpler way to buy your home

Shared Ownership is a government-backed scheme designed to help people who can’t quite afford to buy a home outright. It allows you to buy a share of a new home and rent the rest, making homeownership more affordable and achievable.

It’s often described as part buy, part rent - and it could be your first step onto the property ladder.

How does Shared Ownership work?

With Shared Ownership, you:

  • Buy a share of a home, usually between 25% and 75%
  • Pay a reduced rent on the remaining share
  • Take out a mortgage only on the part you buy
  • Pay a monthly service charge (if applicable)

Because you’re not buying the full value of the home, your deposit and monthly payments are usually much lower than buying on the open market. You’ll own your home on a long lease, just like any other homeowner.

Why choose Shared Ownership?

Shared Ownership can help if you:

  • Want to buy but are priced out of the open market
  • Don’t have a large deposit
  • Are currently renting and want to invest in your future
  • Want the flexibility to buy more of your home over time

It’s a practical, flexible route into homeownership, especially for first-time buyers.

1. Buy a share

Choose the share that works for you - usually between 25% and 75% of the home’s value. You’ll only need a mortgage and deposit for the share you’re buying.

2. Pay rent

You pay a monthly rent on the share you don’t own, plus any service charges. This is typically much lower than renting privately or buying outright.

3. Buy more when you can

Over time, you can buy more shares in your home. As your share increases, your rent reduces, and many homeowners eventually reach 100% ownership.

So I  can buy more of my home later?

Yes. This is called staircasing.

  • You can buy additional shares in your home at any time
  • Each time you increase your share, your rent reduces
  • Many people gradually staircase up to 100% ownership

There’s no pressure to buy more, it’s entirely your choice and depends on your circumstances.

Who can apply for Shared Ownership?

Shared Ownership is usually available if you:

  • Are 18 or over
  • Have a household income under £80,000 (or £90,000 in London)
  • Don’t currently own a home (or are selling one)
  • Can’t afford to buy a suitable home outright
  • Can afford the mortgage, rent, and other monthly costs

You’ll complete an affordability assessment to make sure the home is comfortable and sustainable for you.

What deposit do I need?

Deposits are usually 5–10% of the share you’re buying, not the full value of the home, which can make a big difference.

For example:
If you buy a 25% share of a £300,000 home (£75,000), your deposit is based on £75,000, not £300,000.

Can I sell a Shared Ownership home?

Yes, you can sell your home at any time.

  • Your housing provider may have a short period to find another Shared Ownership buyer
  • If no buyer is found, you can usually sell on the open market
  • You’ll receive the value of the share you own

New Build & Resale Shared Ownership Homes

What are the main differences between new build and resale Shared Ownership properties?

New build Shared Ownership

•    Brand-new homes
•    Modern layouts and energy-efficient design
•    Lower maintenance in the early years

Shared Ownership resales

•    Previously owned Shared Ownership homes
•    Often available sooner
•    Located in established communities