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Shared ownership

Becoming a shared owner

To get started with shared ownership, you'll buy an initial share in a property and then pay rent on the remaining shares. Quite often, the total monthly cost of the mortgage and rent combined is less than renting a similar property privately.

There are some criteria that apply to buying a shared ownership home. To find out if you’re eligible, download our guide below.

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The shared ownership buying process

Our friendly and professional advisers will offer you expert guidance and ongoing support throughout your shared ownership journey. We'll be by your side as you find the home that's right for you!

Your first step is to check your eligibility online. To get an immediate answer, you can click this link and follow the steps:

You will need to complete a financial affordability assessment. This is to ensure you can afford to purchase and maintain the monthly costs.

Once you know your affordability, you can choose the home you wish to purchase. The share you can afford to purchase will be calculated for you.

You will need to apply for a mortgage (if you need one). The Sales team will guide you to the appropriate specialist.

Now you need to pay a reservation fee to the sales team to secure your home. They will then take you though the next steps of your purchase, with 28 days to exchange.

You will need to appoint a solicitor to carry out the legal work for you and act in your best interest.

This is when you pay your deposit, sign your contracts and agree a moving in date.

On the agreed completion day, you will be able to collect the keys, move in and enjoy your new home!

You will be invited to attend a home familiarisation visit in your new home. We will run through how to use the appliances in your property, such as the heating system. This is also an opportunity for you to ask any questions you have!

A few weeks after your move, our In-house customer feedback team will give you a call to check how you're settling in and to ask about your experience buying your new home.

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