Shared Ownership

Shared Ownership (aka 'part-buy part-rent') is a scheme that offers homebuyers an opportunity to buy a part share in a property. Shared ownership is operated by housing associations.

As a buyer, you will be able to purchase a share in a residential property from a housing association. You will be able to obtain a mortgage on the share in the property in much the same way as you would if buying a whole share.

As a part-owner of the property, you would then pay a favourable below-market rent on the share that you do not own. Typically you would own between 25% and 75% of the property, although you can usually increase your share over time through the process of staircasing.

With most shared ownership properties, you can ultimately buy 100% of the property, at which point you would no longer be required to pay any rent.

Chris Salmon, Director

Chris Salmon, Director