Shared ownership helps people onto the property ladder who cannot afford to buy a home outright, and provides an easier way to become a home-owner. It means that instead of raising a full mortgage on your new home, you can buy part of it and pay a subsidised rent on the un-purchased share.
In the future you can buy more shares until you eventually own the whole property. This is known as “staircasing”.
The purchase of further shares and the re-sale of your shared ownership property are governed by your lease and this can vary from scheme to scheme.
For re-sales or staircasing, please make contact with the team below and they will confirm the procedure with you, in accordance with the terms in your lease. In some cases there may be specific restrictions with regard to local occupancy or nomination rights.