Is shared ownership right for you?
Explore key questions about eligibility, affordability and how the process works to help you understand your options and take the next step.
Am I eligible?
Shared ownership is a government-supported way into home ownership. You’re likely to qualify if you:
- Are a first-time buyer
- Need a more suitable home
- Have a household income under £80,000
- Can afford the monthly costs
Why buy using shared ownership?
- Monthly costs can be lower than private renting
- You own part of your home
- Lower deposit based on your share
- Buy a share that suits your budget
- Option to increase ownership over time
- Government-backed scheme
What type of homes are available?
We offer houses, apartments and bungalows across the country, including homes for over 55s.
- New build homes available now and coming soon
- Resale homes from existing shared owners
Look at available properties now.
How does it work?
You buy a share of your home through a lease and become a homeowner.
- Pay a mortgage on your share
- Pay rent on the rest
- Option to increase your share over time
Read our Shared Ownership Buying Guide
At a glance: what’s changed
Here’s a quick comparison of the old and new shared ownership models:
Product | Lease term | First tranche % sale | Staircasing | Repairs |
Old model | Min 99 years | 25–75% | 10% tranches | Leaseholder has full repairing obligations |
New model | Min 990 years | 10–75% | 1% tranches for first 15 years | Leaseholder can claim up to £500 per year for the first 10 years |
Repairs and maintenance
As a shared owner, you’re responsible for most repairs — but the new model offers support with some costs.
What the new model offers
The new model lease allows leaseholders to claim up to £500 per year toward essential repairs for the first 10 years.
Essential repairs include:
- The load‑bearing framework of the building
- The external fabric of the building
- Structural parts such as the roof, foundations, joists and external walls
- Service media and machinery within the premises
Your £500 repairs allowance
This allowance covers costs for keeping fixtures and fittings in repair and in proper working order, such as:
- Water, gas or electricity supply (for example sinks, baths, pipes)
- Heating systems (for example boiler, radiator)
- Structural support (for example windows, doors, walls)
What’s not covered
The repairs allowance does not cover:
- Installing new fixtures or appliances
- Any works covered under a warranty, insurance policy or guarantee
