Help to buy shared ownership
If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home. The share is between 25% and 75% of the home’s value, and you then pay rent on the remaining share. Later on, you will have the opportunity to purchase a bigger share of your home when you can afford to.
You could buy a home through Help to Buy: Shared Ownership in England if:
• your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London
• you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.
With Help to Buy: Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings.
Striving to create perfection in an ever growing collection of beautiful properties.David Westgate, Group Chief Executive