Help to Buy logoShared Ownership allows you to buy a share in a new home, ranging from 25% to 75%, depending on what you can afford.

A housing association owns the remaining share and you pay a reduced rent on that share. This means that you need to get a smaller mortgage to buy the property and will also need a smaller deposit. You can buy more shares as and when you can afford them – this is called staircasing – and as you buy more shares, you will pay less rent.

How it Works

Aimed at first time buyers, Part Buy, Part Rent Home Ownership, or Shared Ownership, was launched by the government in April 2006 under the HomeBuy brand.

To find out more about Shared Ownership please download the quick guide here.

Advantages of shared ownership

The advantages of shared ownership include:

  • You will own part of your home, rather than paying rent with no return.
  • Your monthly mortgage and rent can work out much cheaper than buying outright, and sometimes not much more than renting.
  • You can buy more shares in your home or sell it if you want to.
  • You only buy what you can afford so you don’t overstretch yourself financially.

Download our guide to buying a shared ownership home for more information.