Low-cost home ownership

Shared ownership

You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs. 

You buy a share of the property and pay rent to a housing association on the rest. 

When you buy a home through shared ownership, you: 

  • buy a share between 10% and 75% of the home’s full market value 
  • pay rent to the landlord for the share they own 
  • usually pay monthly ground rent and service charges; for example towards the maintenance of communal areas 

Shared ownership properties are usually owned and managed by housing associations. You will need a mortgage and deposit for the share you are buying. However, these are lower than if you were buying the property outright. 

Older people

If you’re aged 55 or over at the time of buying the home, you can buy up to a 75% share through the older people’s shared ownership scheme. Once you own 75%, you will not pay rent on the rest.

Disabled people

You can apply for a scheme called home ownership for people with a long-term disability if other scheme properties do not meet your needs. For example, if you need a ground floor home.

More information

More information regarding shared ownership, including how to find properties for sale, is available on the Government’s shared ownership website