Shared Ownership is a government initiative supported by the developers and housing associations which guarantees an access to properties at attractive prices, mainly for first time buyers and for key workers, for example: nurses, teachers and police officers. It means that you buy a share of the property and you pay the rent for the remaining part.
In most cases Shared Ownership involves buying new property but it is also possible to find offers on older property.
The most popular initial options for purchasing of your own share are 25/50/75%, with the possibility of buying more shares in the future.
Who can apply for Shared Ownership:
- people with a total household income of less than £60,000 (£80,000 in London)
- people buying their first property or those who were property owners before but cannot afford to buy one now.
- disabled people
Do you need help? Call us on 0203-488-1751 or fill out the contact form below and we will call you back.
