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Ways to buy

Shared ownership

Shared ownership

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

You could buy a home through 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 Shared Ownership you can buy a newly built home or an existing one through a resale programme 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. Shared Ownership properties are always leasehold.

To find out if you are eligible for a shared ownership home and whether it is affordable for you, please contact our recommended financial advisors who will be happy to assist you, please provide details of the property of interest in order for them to assess your eligibility and affordability.

Metro Finance:  0114-270-1444   Website:  www.metrofinance.co.uk

To apply for a shared ownership home please complete our online application form and return to  sales@citizenhousing.org.uk

Citizen Application Form