looking to buy but feeling priced out of the market?

shared ownership is your way forward 

This practical option helps first-time buyers make that important first step without needing the full purchase price up front. 

With shared ownership, you can start by buying a portion of your home and increasing your share over time.

You'll enjoy all the benefits of homeownership from day one, making your mark on your own space while keeping your monthly outgoings manageable.

how does it work?

Shared ownership lets you purchase a portion of a property while paying rent on the remainder, making homeownership more accessible to first-time buyers and those with lower incomes.

If you're considering shared ownership as your path to homeownership, here's what you need to know:

• Purchase between 10% and 75% of the property initially, paying rent on the remaining share you don't own
• You only need a 5% deposit on your purchased share, with a mortgage covering the rest of your share
• You also benefit from subsidised rent on the portion you don't own, helping to keep monthly costs affordable
• Gradually increase your ownership through 'staircasing' - buying additional shares until you potentially own 100%
• Take responsibility for repairs and maintenance while enjoying the freedom to personalise your home with decorating and renovations

get in touch today

If you think you will benefit from shared ownership, get in touch with your local branch today for more information.