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Shared Ownership

Shared Ownership allows you to buy a new home on a part-buy, part-rent basis.

How it works

You buy a share (between 25%-75%) of a home and pay rent to us on the remaining share.

You're expected to buy the maximum share you can afford, based on your income and mortgage deposit.

In most cases you can buy more of your home until you own 100%. The larger the share you own, the less rent you pay.

Viewing and applying

All our Shared Ownership properties are available to view on the Help to Buy East & South East website.

Eligibility

General eligibility criteria can be found here: www.helptobuyese.org.uk/help-to-buy

When viewing individual properties, please note any additional eligibility criteria that may have been applied.

The application processes

  1. Complete an application on the Help to Buy East & South East website
  2. Once you’ve told us that you’re interested in Shared Ownership, we’ll carry out an affordability assessment with you. There’s no cost to you for this
  3. Once this is complete and if it’s successful, you can start viewing properties
  4. If you make an offer on a property and we accept it, we’ll send you a formal offer and you’ll pay a £500 reservation fee

At this point you’ll arrange your mortgage and appoint a solicitor. We’ll then work with you through the sale process.

Please note that there’s a lot of interest in our Shared Ownership properties and we shortlist applications for individual properties based on government guidelines and local council conditions.

More information can be found at www.helptobuyese.org.uk/help-to-buy