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/