It’s a great option for some people. It’s an opportunity to buy a home with a much smaller deposit than normally needed. This is because you only need a deposit for the share you’re buying. You part buy and part rent the home. And you can buy more shares if you want over time. 

Here’s some helpful information about the scheme:

Flexible

Shared ownership gives you flexibility as it can grow with you. You can buy more shares when you want.

Accessible

If you earn less than £80,000 and don’t own another home, you’re probably eligible to apply. You don’t have to be a first-time buyer or a key worker.

An affordable deposit

There are around 15-20 lenders offering shared ownership mortgages, including familiar high street names. And deposits start from just 5% of the share you’re buying. This is subject to availability and you meeting the eligibility criteria.

Here’s an example of the deposit you’ll need:

Open-market

£150,000 house price
A 5% mortgage deposit = £7,500

Shared ownership

A 25% share of a £150,00 house = £37,500

A 5% mortgage deposit on £37,000 = £1,875

Choice

Where do you want to live? How many bedrooms do you want? We have housing developments around Hampshire and parts of Surrey, from 1 bedroom apartments to 4 bedroom houses. And you can apply for the home you want.

Own your home

Although a few schemes may have restrictions, in most schemes you can staircase up to 100%. That means you can buy more shares whenever you want, until you own the whole property. Then you’ll no longer have to pay any rent.

Support

Our friendly Sales team will be with you every step of the way. And with us as your landlord, you’ll have ongoing customer care.

Getting on the property ladder

Buying a shared ownership home instead of renting means that you have a stake in the property and will benefit from any increase in its value. This gives you some financial security. It also gives you piece of mind as you don’t have to worry about your landlord making any changes to your tenancy. And you’ll be moving into a brand new home that’s a blank canvas for you to decorate as you like so you can really call it home!

A few words from Charlotte and Heidi

Charlotte and her daughter Heidi bought their two-bedroom house through us using the shared ownership scheme. Read our article from where we caught up with them to find out how they found it all and what life’s like now they’re unpacked and settled in…

Sound interesting?

There’s lots more helpful information about shared ownership here on our sales website. Take a look at the homes we have available.

Other options

Shared ownership can be a great choice for some, but it’s not the only option. You may want to buy from the open market, or renting may suit you better. Find out more on our 'rent a home' page.