Find out about shared ownership
If you want to buy a home of your own, but can't afford to buy, then you may be eligible for affordable home ownership. There are different types of affordable home ownership available, such as:
- shared equity
- discounted market sale
- shared ownership
Shared ownership means buying a share of your home (between 25% and 75%) and paying rent on the rest.
You can buy a new home through shared ownership if your household income is less than £80,000 and any of the following apply:
- you're a first time buyer
- you used to own a home, but can't afford to buy one now
- you're an existing shared owner