Are you are thinking of shared ownership?
If your household earns £80,000 or less a year and you are a first time buyer, or used to own your own home but can’t afford to buy one now, you could buy a Shared Ownership Home. Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later, you could buy bigger shares when you can afford to.
Not all homes are available on Shared Ownership, they are either new builds or ones which are on resale programmes from housing associations. Shared Ownership properties are always leasehold. Our expert team can help secure you the mortgage you need for your share of the home.