Shared ownership

Shared ownership is a type of low-cost home ownership that allows people on lower incomes to purchase a 25%, 50% or 75% initial share in a property and to pay rent for the remainder of the property to the Association.  Priority is given to first time buyers, those on council/housing association waiting lists and those leaving the armed forces.

Our shared ownership handbook can be downloaded here:

Download (PDF)

1. Applying for shared ownership

Please note that we have no new properties available for shared ownership.  Any available shares being offered for sale by the existing sharing owner are advertised through channels such as ESPC and estate agents.

2. Staircasing – purchasing additional shares

A sharing owner can apply to the Association to purchase a further 25% share (or more if appropriate) but only if at least 12 months have passed since the initial or any other previous purchase (as per the guidelines from the Scottish Government). The purchase price is based on an independent valuation, with the cost of the valuation being met by the sharing owner.

3. Selling your share

Where a sharing owner wishes to sell their share, we would only purchase back the share in exceptional circumstances. We advise the sharing owner that the responsibility for marketing and selling their share rests with them but that the Association must approve potential purchasers to ensure that they meet the eligibility criteria above. If the sharing owner is unable to sell the share within a reasonable timescale, we may consider jointly selling the whole property on the open market, with the proceeds being split according to the shares owned by the two parties.

4. Customer engagement

We encourage our customers to engage with us in a variety of ways, and we maintain a consultation register of those who are particularly interested in participating in surveys, mystery shopping and focus groups. We also encourage sharing owners to establish groups to represent the interests of sharing owners in local developments. For more information, please view the join us page.

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