Shared ownership is a type of low cost home ownership and allows people on lower incomes to purchase a 25%, 50% or 75% initial share in a property and to pay rent for the remainder of the property to the Association, with responsibility for all repairs resting with the sharing owner. You can apply to buy further 25% shares if you wish but this is not a requirement. Priority is given to first time buyers; those on council / housing association waiting lists and those leaving the armed forces. Our shared ownership handbook can be downloaded here.
From time to time, a shared ownership property becomes available when an existing sharing owner wishes to sell and this would be advertised on the open market, with any prospective purchaser being approved by the Association as eligible for shared ownership. where such a property has been advertised, please complete our application form if interested in being considered