Older people's shared ownership
Older people's shared ownership
The older people’s shared ownership (OPSO) scheme is a government-backed shared ownership scheme for people aged 55 and over. It helps people who would like to buy a home but cannot afford the full purchase price.
You buy part of a property and pay rent on the remainder. You can buy further shares in the property, up to a maximum of 75%. After this point, you won’t pay any rent.
- the scheme is available in England only
- to be eligible, your household income must be less than £80,000 (£90,000 in London)
- the scheme is only for older people who are first-time buyers or who have previously owned a home but can’t afford to buy one now