Shared Ownership Scheme

The UK government's shared ownership scheme enables people to buy a share of a property and then pay rent to a landlord on the rest. This scheme is only available to those who meet certain requirements that prove they cannot otherwise afford all of the deposit and mortgage payments for a home that meets their needs.

You can apply for shared ownership if both of the following statements are true:

• Your household income is £80,000 a year or less (£90,000 a year or less in London)
• You cannot afford all of the deposit and mortgage payments for a home that meets your needs

And at least one of the following statements is also true:

• You’re a first-time buyer
• You used to own a home but cannot afford to buy one now
• You’re forming a new household - for example, after a relationship breakdown
• You’re an existing shared owner, and you want to move
• You own a home and want to move but cannot afford a new home that meets your needs

This list of criteria is not exhaustive and different rules apply to properties in Northern Ireland, Scotland and Wales.

For a full explanation and further details on whether you are eligible for the scheme, please click here to visit the government website.