Many of our new developments include homes for shared ownership. Shared ownership makes it easier for first-time buyers to afford their home, as the amount of money required for a deposit is much lower than when you buy a property on the open market.
With shared ownership, you pay a mortgage on the share of the property that you own and pay us rent for the remaining share. In some cases, you can start with as little as 25% – and you only pay a deposit on your share. Over time, you can increase your share of the property, a bit at a time, until you own the property outright – this is known as ‘staircasing’.
While you’re welcome to buy with another person, shared ownership does not mean you have to share your home with other people. It means sharing the ownership of your home with a housing association to make it more affordable. You will then pay rent to the housing association to cover their share of the property.
Getting started with shared ownership is quite simple. You should first ensure you are eligible. In addition to the general eligibility rules, some housing associations and boroughs will have their own terms regarding priorities and affordability, which will be outlined on each property listing.
Take a look at our current opportunities. Here you can see what is currently available and find contact details for the agents handling the sale of our properties.
If you want to purchase your own home but can't afford to buy on the open market, we can also help you get a foot on the ladder through the Help to Buy scheme.
The scheme is open to first time buyers and existing home owners and even through shared ownership, with as little as a 5% deposit needed to get you started!
Find out more about the help to buy scheme here!