Shared Ownership

What is Help to Buy Shared Ownership?

This option offers homes for sale on a part buy / part rent basis

How does it work?

Homes are available through different Housing Associations. You can buy shares worth between 25% and 75% of the property's market value and you pay a subsidised rent on the remaining share. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share. Resale properties originally sold as Shared Ownership are also available from existing owners.

What are my options after buying through Help to Buy Shared Ownership?

You can buy additional shares at a later date until you own 100%*, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.

If you wish to sell your property, your share is marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale.

*For some rural area properties, the lease may limit the maximum shares to be purchased to 80%.

What homes are available?

We ask all housing associations and developers to list their properties on our website. You can search for a home in the area you wish to live here.

Older Persons Shared Ownership

Older Persons Shared Ownership for applicants aged 55 or over on selected schemes only.

It works in the same way as the general shared ownership scheme. The share will range from 25% to 75%, depending on what you can afford the maximum share available is 75%. Once you own 75% you won't have to pay rent on the remaining share. You may have to pay a service charge if, for example, the property is a flat with a communal area.

To be eligible to apply for the Older Person Shared Ownership Scheme, you must meet the following criteria;

  • My household income is less than £80,000
  • I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
  • I can demonstrate access to savings or sufficient funds to pay, if required, a deposit (which may be 5% or more of the purchase price), legal fees, stamp duty and other costs of moving.
  • I am able to sustain home ownership in the longer term.
  • I am not already a home owner or named on a home mortgage. If you own a property, we would need confirmation an offer has been accepted. (local authority support is not required for this scheme)
  • I have a good credit history

For more information please contact Help to Buy South West on 0300 100 0021 or by email at