FAQs

Got a question about shared ownership? Take a look at our frequently asked questions and answers here.

Young Family Being Playful At Home
Our frequently asked questions
Am I eligible?
What am I buying?
Who is responsible for repairs and maintenance?
Are there any other costs?
How do I buy additional shares in my home?
How do I sell my shared ownership home?
I have another question...

Most likely! To buy a shared ownership home you need to be; 

  • 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

Shared ownership means you are a homeowner and have all of the benefits that go with owning a home.

You start by purchasing part of your home under a lease. This is a legal agreement which sets out:

  • Your rights and responsibilities
  • When the rent, service and estate charges are due

You are then able to buy additional shares until you own 100% of your home.

The maintenance and repairs to your home will be your responsibility.

If you buy a new build home directly from us, the developer will fix and repair any defects for 12 months after the property was built and your home will also have a 10 year structural warranty.

So that the building is fully insured at all times, we'll take out building insurance and add this to your service charge. You're responsible for insuring your own home contents.

Some homes may also have estate costs, which are included in your rent. These cover the maintenance of roads, green areas and street lighting.

If you want to own more of your home, you can buy more shares at any point. This is known as ‘staircasing’, and you can keep doing it until you own your home outright.

Once you own your home outright, you can also buy the freehold (the land your property sits on).

Just like any other homeowner, you are free to sell the share that you own to another eligible person at any time.
Take a look at our selling your share guide

Give us a call on 01782 744533 or email the team at sharedownership@staffshousing.org.uk

Google translate Google translate
click to choose
Colour contrast Contrast
default
high
Font size Text size
down
default
up