Getting help to buy your own home

What is Shared Ownership?

Shared ownership means buying a share of your home (between 10% and 75%) and paying rent on the rest. A housing association normally retains the other share.

Sometimes, you can choose to purchase further shares to increase your ownership of the property and increase your equity.

Am I eligible? 

You can buy a new home through shared ownership if your household income is less than £80,000 and any of the following apply:

• you’re a first time buyer
• you used to own a home, but can’t afford to buy one now
• you’re an existing shared owner

To check your eligibility and details on how to apply directly, please read the latest information on the government website (GovUK).

You can also visit the Government's Own Your Home website, this site gives an overview of eligibility and includes a link on how to apply for Shared Ownership.

Further resources

• There is no single website advertising shared ownership homes for sale. The government's shared ownership website gives details of organisations that sell home by area.  
• Look on housing association websites for details of new homes for sale and resales.
• National websites advertising homes for sale sometimes list shared ownership and other affordable homeownership homes for sale.