How does it work?
Shared Ownership is a great way to get on to the property ladder when you can’t quite afford to buy a home on the open market. Based upon your affordability, you can buy an initial share of your home between 25% and 75% and make a small monthly rent payment for the remaining share that we retain.
You can purchase additional shares as and when you can afford it, this is called ‘staircasing’. There are no timescales or deadlines on when you must staircase however, the more shares you purchase, the lower your monthly rent payments become.