Shared ownership is a type of low cost home ownership which combines "renting" with owning. It is aimed at people who want to have a stake in the ownership of their own home, but are unable to buy outright.

The Association has a small number of shared ownership properties. Shares in these properties occasionally become available when an existing sharing owner moves elsewhere and their share becomes available for purchase. Shares may be 25%, 50% or 75% and are valued at current market value. Applicants may purchase further shares (this is called "staircasing") when funds permit and can eventually purchase the whole property, but this is not a requirement.

Applicants for shared ownership require to have an income or joint income of at least £15,000 and be unable to buy outright on the open market. Priority is given to first time buyers, people in rented accommodation and relationship breakdowns.

If you wish further information or would like to apply for shared ownership please contact our Housing team.