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.

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.

Shared Ownership is for those who wish to buy their home, but who cannot afford to pay the full price straight away. Priority will be given to first time buyers; housing association/council tenants; those on housing association/council waiting lists, those coming out the armed forces and those whose circumstances are such that they can no longer afford to buy a suitable property to meet their health or mobility needs.

To ensure that it is applicants on low/modest incomes who benefit from shared ownership, the Association will apply the City of Edinburgh Council’s guideline maximum household income of £36,000 pa but this may be subject to change.

If you wish further information, please contact the Association on 0131 554 0403 and we will take your details to contact you when Shared Ownership is avaliable.

CURRENT AVAILABILITY

The association currently has one development where shared ownership is available.

Fox Street / Salamander Place - This Development will be available in the summer of 2012