Shared Ownership is a more affordable way to have the security and stability of owning your own home, a Government-backed part-buy/rent scheme helping you take the first step on the property ladder.
The scheme enables buyers to purchase a share of the value of the home – this is usually between 25 to 75 percent of the value of the property – and pay a subsidised rent on the remaining portion.
How it works
- You buy a share of the property, on which you’ll pay a mortgage
- On the remaining share that we own, you make a monthly payment
- Finally, you pay a monthly service charge or estate management charge
We’ll help you find the most appropriate Shared Ownership mortgage, tailored to your circumstances. Contact us today to find out how we can help you.
Latest information and further details can be found on the HM Government website:https://www.gov.uk/affordable-home-ownership-schemes/shared-ownership-scheme
