Shared Ownership Schemes

Help to Buy: Shared Ownership in England


If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers 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. Depending on the housing association that is providing the home, you could buy more shares when you can afford to at a later date.

You could buy a home through Help to Buy: Shared Ownership in England if:

  • Your household earns £80,000 a year or less (£90,000 or less in London).
  • You are a first-time buyer OR you used to own a home but can’t afford to buy one now OR you are an existing shared owner looking to move.

With Help to Buy: Shared Ownership you can buy a newly built or existing homes a local housing association. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold. The freehold is held by the housing association. You may be able to take over the freehold if and when you are able to purchase 100% of the shares in your home at a later date. Remember, the ability to do this is at the housing associations discretion. Sometimes councils will issue a priority order on a shared ownership home-building programmes, based on local housing needs. Details of any priority groups on each development should always available before you make an application

People with disabilities

Home Ownership for People with Long-Term Disabilities (HOLD) can help you buy any home that’s for sale on a Shared Ownership basis if you have a long-term disability.

You can only apply for HOLD if the properties available through the other home ownership schemes don’t meet your needs (for example, you need a ground-floor property).

Older people

You can get help from another home ownership scheme called Older People’s Shared Ownership if you’re aged 55 or over. It works in the same way as the general Shared Ownership scheme, but you can only buy up to 75% of your home. Once you own 75% you won’t have to pay rent on the remaining share.

Applying for a Help to Buy: Shared Ownership home

Here at The New Homes Agent, we have many years’ experience dealing with shared ownership properties. Contact us today if you’d like more information on current and upcoming shared ownership properties, or even if you simply have a question about the scheme.

Shared Ownership New Builds For Sale in Lincoln

New Developments

Have a look at the latest developments in Lincolnshire.

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