Shared Ownership

How does it work?

If outright purchase is not an option for you, this scheme offers an alternative to renting. You can buy an initial share in a new home that you can afford, helping you into home ownership in manageable stages.

This scheme has previously been known as “Part Buy, Part Rent”, and both new-build and re-sale (older) properties are available.

The Housing Association or Registered Provider will offer initial shares of between 25% - 75% of the full purchase price. You pay a subsidised rent on the remaining share that the Housing Association or Registered Provider still own. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.

In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home.

With most properties you are eventually able to own the property outright if you wish to, although there are some restrictions on rural schemes.

Am I eligible?

  • Your annual household income can be no more than £80,000.
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

How do I apply?

You will need to fill out the Help to Buy East and South East application form.

Online application form     or Downloadable PDF version

You can then search for available properties on our website, and contact the Housing Association or Registered Provider selling the property to let them know you are interested.

Property search