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.