Help to Buy: Shared Ownership

The Help to Buy Scheme makes housing more affordable.  The Government’s Help to Buy Scheme allows you to buy 25-75% of property and pay rent on the rest.  If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership allows you to buy just a share.  Later on, you could buy bigger shares 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; and
  • 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 from housing associations. You’ll need funds to pay for your share of the home’s purchase price, or fund this through your savings.  Check out our guide to mortgages and our guide on Help to Buy ISAs.

Shared Ownership properties are always leasehold.

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Simpler Tip: Consider Help to Buy to get on the property ladder.