Shared Ownership

Shared Ownership presents an opportunity for individuals who cannot afford to buy a property outright on the open market.

What is Shared Ownership?

Shared Ownership allows buyers to purchase an initial share (25% - 75%) of a home’s value using a mortgage or savings. Rent is paid on the remaining share, and buyers can increase ownership through ‘staircasing.’ Shared Ownership typically requires a lower deposit compared to the open market.

Who can apply?

Eligibility criteria typically includes:

  • Annual household income not exceeding £80,000.
  • Inability to purchase a suitable home without assistance.
  • Not currently owning a property.
  • No outstanding credit issues.

To explore eligibility, visit www.gov.uk/shared-ownership-scheme.

For more information on Shared Ownership, visit www.broadlandgroup.org/homes/find-a-home/shared-ownership/what-is-shared-ownership/

For more details on our available Shared Ownership properties, visit www.broadlandgroup.org/homes/find-a-home/shared-ownership/