You could purchase a new-build property for as little as £41,250 with shared ownership.
It’s simple. Instead of purchasing 100% of a property up-front, you purchase a smaller share, typically 50%, and pay a reduced rent on the remaining.
For example, let’s consider a property worth £165,000…
With a standard purchase you would need a 10% deposit of £16,500 and an estimated income of £43,000.
Whereas purchasing a 50% share with shared ownership, you would need a 10% deposit of £8,250 and estimated income of £22,000.
Shared ownership can also prove more affordable than renting. Take a look at our comparison table here.
View our available properties here or take a look at our FAQ’s below to find out more!
- a first time buyer
- currently renting
- separated from a partner
- a previous homeowner but now unable to buy a home
- earning less than £80,000 a year
- Your rights and responsibilities
- When the rent, service and estate charges are due
- How you can purchase additional shares
On top of this, some properties are subject to estate costs, which are included in your rent. These cover the maintenance of roads, green areas and street lighting.