Find a home that suits your needs. We provide good quality, affordable accommodation with a wide range of flexible housing options, to meet the ever-changing needs of customers.
Shared Ownership
Shared Ownership is an opportunity to buy the home that’s right for you without needing a large deposit or the mortgage that goes with it.
Shared Ownership could be for you if:
- You are over the age of 18
- Your household income is less than £80,000, or £90,000 in London
- You don’t already own a home at the time of buying your Shared Ownership property
How does it work?
You buy a share in the home that’s right for you. That could be from 10% initially, but it's typically between 25% and 40%. You’ll pay a reduced rent on the share that we own and a monthly service charge towards the upkeep of communal areas and/or shared outdoor spaces.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
As your finances allow, you can buy further shares in your home (known as ‘staircasing’), meaning you’ll own more and pay less rent. In most cases you can keep buying shares until you own the whole property.
If and when you’re ready to move on, you can sell your share to somebody else, and our team will be here to guide you through that process. You’ll keep any equity you’ve made on your share.
Find out more about staircasing
Right to Shared Ownership
Since 2023, some of our properties have been built with ‘Right to Shared Ownership’ (RtSO). This ‘right’ is linked to the type of grant funding used to build them.
RtSO means there is an opportunity to buy part of that home and become a shared owner on the new Shared Ownership scheme.
You’ll be told if your property has RtSO when you move in – please note, RtSO is linked to the property, not your tenancy, so if you move, you won’t take the ‘right’ with you.
Find out more about RtSO