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  1. Home
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  3. Shared ownership

Shared ownership

In this section

  1. What is Shared ownership?
  2. You are here: Eligibility criteria for Shared Ownership
  3. Costs to Consider When Buying a Shared Ownership Home
  4. Repairs and improvements
  5. Buying More Shares in Your Property
  6. Selling your Shared Ownership home

Eligibility criteria for Shared Ownership

To be Eligible for Shared ownership, you must:

  • Have a household income less than £80,000 and
  • Be unable to purchase a suitable property on the open market.

And meet one of the following criteria:

  • 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

If you already own a home but intend to purchase a shared ownership home you must have already agreed a sale on your current property before you can be considered for a shared ownership property, and you must have completed the sale on or before the date you complete buying your shared ownership home.

  • Previous page: What is Shared ownership?
  • Next page: Costs to Consider When Buying a Shared Ownership Home

Downloads

  • Empty Homes Plan
  • Housing Services: User Guides

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