What is Shared Ownership?
If financial constraints mean you are struggling to get on the property ladder, Shared Ownership could be for you. The scheme allows you to buy a share in a home that you can afford and introduces you into home ownership in manageable stages.
Shared Ownership is primarily aimed at first-time buyers who can sustain home ownership but who are unable to afford a suitable property on the open market. In the future you can simply sell your share for its value at the time or you can purchase further shares in your home.