Shared ownership

We offer both brand new and pre-owned shared ownership homes for sale. You can buy a share of your selected home from 25%–75% and pay a subsidised rent on the remaining share. You can increase your share at any time through a process called staircasing and, in most cases, buy your home outright.

Download the Guide to buying a shared ownership home

Download the Guide to buying a resale shared ownership home

You’re free to sell your share of your home at any time. To ensure that your home is made available to buyers who qualify for shared ownership, we will, for a short period specified in your lease, have the right to find a buyer for your home.

We charge a fee for this service, to cover our costs, but it will usually be less than the cost of an estate agent. If we can’t find a buyer within the timeframe you are free to make your own arrangements. You can do this by back-to-back staircasing and selling on the open market, or selling your share to someone, approved by us, who meets the Homes & Communities Agency criteria for shared ownership.

Download the Guide to selling your shared ownership home

Staircasing is the process through which you can increase your share of a property over a period of time. The price you pay for additional shares is based on the market value of your home. You can staircase in separate stages, or in one stage to 100%. The minimum share you can buy at any stage is 10% of the unsold equity. You are under no obligation to staircase but it’s a great way to build towards owning your home outright. In a few locations, you may not be able to staircase up to 100%. Our sales consultants will always advise you if this is the case.

Download the Guide to Staircasing

During the course of your shared ownership lease you may wish to transfer or assign the ownership of the property to increase or reduce the number of registered owners.

To facilitate this, your solicitors will be required to contact us for confirmation on what is required under the terms of the lease and our administration fee payments.

Should you wish to become the sole owner of the property we also require confirmation from your lender that you pass the affordability checks.

You can borrow up to 75% of the value of the share that you own. For example, if your home is valued at £200,000 and you own a 50% share (£100,000) you can borrow up to 75% of the £100,000; £75,000 in total including your existing mortgage and any other loans you may have secured against your home.

Get in touch with us if at any stage you’d like make changes to the mortgage on your shared ownership home. As we have a share in the home, we’ll need to approve any changes you make.

Get in touch