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Plot 7

Ways to buy

Details of ways we can help you buy your first or next home

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Can I buy a shared ownership home?

Young couple with laptop

So you've read all about the benefits of shared ownership. You're sold on the idea of being able to buy your own home with a really low deposit and you're all set to get house hunting…but hold on just a second.

As shared ownership is designed to help more people get onto the housing ladder there are a few things that you need to know before you apply.

There are many people who would love to buy their own home but just can't afford to. If buying on the open market is proving impossible, then shared ownership could be for you - as long as:

  • Your household income is less than £80,000 a year
  • You're at least 18 years old
  • You have a good credit rating
  • You live, work or have family living in the area, giving you a local area connection.
  • You have enough savings to cover the initial one-off costs involved in buying your home - things like solicitors' fees, upfront rent and the deposit required by a mortgage lender
  • You're a first time buyer - but don't write the idea off if you're already a homeowner
  • If your home no longer suits your needs and you can't afford to buy a suitable property without some help.

If you can tick all of the above boxes then you're well on the way to becoming the proud owner of your very own home - but before you can buy, you need to register with your local Help to Buy agent. Find your local agent.

They'll guide you through the options open to you and will give you the registration number you need to be able to go ahead with your application to buy your shared ownership home.

Once you've got your number you're good to go and you can find all of our current homes for sale here. We've got loads of information about shared ownership so please feel free to take a good look around - here's a good starting point.

Take a look at our homes for sale with shared ownership

27 January 2017