Shared Ownership


When it comes to buying a property, the term “Shared Ownership” can be confusing. While you may use it to refer to a home that is owned with someone else – be it a parent, sibling, friend or even a complete stranger – in the housing industry it is used where a home is bought through a special scheme.

Shared Ownership is designed to bridge the affordability gap, in particular for first-time buyers between the mortgage they can afford to raise and the cost of a property.

Shared Ownership is an alternative to renting and full ownership. It is particularly suitable for people with a regular income who want to buy their own home but cannot afford to do so.