Shared Ownership

Shared Ownership housing is aimed mainly at people who cannot afford to buy a house outright on the housing market, but are still keen and financially able to make a start on the home ownership ladder and invest some of their money in their property. The scheme is a cross between renting and owning a house, where the occupier applicant purchases a share of the property (typically 25% or 50%) in the ownership of the property but pays a reduced rent on the remainder to the Association.

The initial purchase may be 25, 50 or 75% of the value of the property, with rent being charged on the remaining. After the first year the applicant can increase the portion owned in 25% shares (known as tranches) up to and including 100%, which means that they then become the sole owners of the houses.

Other Special Needs | Main Help Page | Supported Accommodation

For help filling out forms, communicating with officials, interpreting information or details about tuition and advice relating to literacy issues contact Claire Stewart at Learning for ALL on (01896) 755110 ( further details can be found in Appendix C of the Guide to Housing options)

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