With Shared Ownership, you can buy a 35 – 75% share of your home now and pay a monthly payment on the remaining share of your home until you are ready to buy 100%.
Buying your home in stages means you can step on to the property ladder with a smaller deposit and buy more shares as and when you are ready to.
Calculate how much of a share you may be able to afford using the tables below
Share Price - 35% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£64,750 |
£3,237.50 |
£275.57 |
TBC |
Share Price - 50% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£92,500 |
£4,625 |
£211.98 |
TBC |
Share Price - 75% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£138,750 |
£6,937.50 |
£105.99 |
TBC |
*5% Deposit based upon mortgage lender
In order to apply for the scheme, the application link can be found
here
Information on the criteria for Shared Ownership can be found
here