Shared Ownership

If you can not afford to purchase your own home outright within the open market the purchase of a shared ownership property could be the answer for you.

Shared ownership can be viewed as a form of tenure designed to help first time buyers whereby the households partly own and partly rent their home to an agreed share.

Following the year on year increases in property prices the demand for affordable housing has never been higher. In order to still allow purchasers to own their home housing associations are currently building many new developments across the country.

Shared ownership properties are designed to suit a range of purchasers for their individual situation whether they are an individual looking for a one bedroom apartment or a family looking for a larger home.

The share available can vary greatly depending on each housing association and property allowing purchasers to choose developments offering a share which they can afford allowing first time buyers the opportunity to become homeowners.