What is Shared Ownership?

It's an affordable way to get onto the property ladder

Shared Ownership can be a fantastic way to get your foot on the property ladder if you can't afford to buy a home on the open market.

You can buy between 10% and 75% of the home (dependent on the lease) with the option to buy more shares at a time that's right for you. You will pay a monthly rent on the remaining share. Your home will be yours and you will have all the rights and responsibilities of being a home owner.

Do you have any questions? 

Why not visit our Shared Ownership FAQs page, call 0800 085 2499 or email sales@bromford.co.uk. Alternatively here are some pages other visitors have found useful:

Who can buy a home with Shared Ownership?

Shared Ownership is a flexible and accessible option for individuals and families looking to step onto the property ladder. It caters to a diverse range of potential buyers, including first-time buyers, key workers, those with a modest income, and individuals looking to downsize. Whether you're a young professional eager to invest in your first home or a family seeking stability and security, Shared Ownership offers an opportunity to purchase a portion of a property and gradually increase ownership over time. With its affordability and adaptability, shared ownership is an ideal pathway to homeownership for many.

You are eligible to buy a home through Shared Ownership if the following apply:

  • Your household income is £80,000 a year or less (£90,000 a year or less in London)
  • You cannot afford all of the deposit and mortgage payments for a home that meets your needs

One of the following must also be true:

  • You’re a first-time buyer
  • You used to own a home but cannot afford to buy one now
  • You’re forming a new household - for example, after a relationship breakdown
  • You’re an existing shared owner, and you want to move
  • You own a home and want to move but cannot afford a new home that meets your needs

House attached to a key
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