Shared ownership and Help to Buy

Shared ownership and Help to Buy schemes aim to help residents to buy property.

What is shared ownership?

Shared ownership allows buyers to part buy and part rent a property. Buyers can purchase between 25% and 75% of the property and are able to gradually increase the percentage share that they own.

The rent and service charges are set by the housing association that owns the property. Housing associations often give priority to people with a live/work connection to the area.

Find out more about local shared ownership schemes on the Shared Ownership Website.

What is Help to Buy?

Help to Buy is a series of government schemes that aim to help first-time buyers. The schemes include:

• Equity Loans
• Intermediate Rent
• Rent to Buy
• Older People’s Shared Ownership
• Home Ownership for people with Long-Term Disabilities

Find out more about local Help to Buy schemes on Help to Buy website.