An affordable way to get onto the property ladder
Shared ownership is a fantastic opportunity for those of you who
want to get a foot on the property ladder but can't afford to buy a
home on the open market.
It allows you to buy a share in a brand new leasehold property
− either a house or an apartment − on a part buy/part
rent basis and pay a subsidised rent on the part that you don't
Click on the image to watch the short video about shared
Take a look at the What is shared ownership?
Help to Buy shared ownership, which replaces HomeBuy, enables
you to buy between 25 per cent and 75 per cent of your new Bromford
home and then buy more as and when you can afford to.
In most cases, as you become able to afford it, you can, if you
wish, buy additional shares until you own the property outright.
This is known as staircasing.
You pay Bromford Homes a discounted monthly fee on the remaining
share, which we continue to own. You benefit from lower monthly
payments, compared to buying a home outright, but get all the
benefits of a new home.
Are you eligible to buy a shared ownership home?
Find out if you might be eligible to buy a shared ownership home
here: Can I
buy a shared ownership home? or by watching this short
We held a live Q&A with our shared ownership
experts - You could find the answer to your burning
Shared ownership Q&A for parents - Here are
some of the most frequently
asked questions about shared ownership − and the
What is a Help to Buy