Shared Ownership or Part-Rent Part-Buy
Looking for your dream home at the right price? Shared ownership (Part-Rent Part-Buy) may be the answer.
It helps you to buy a home if you have found that the open market is out of your price range. You buy a portion of your home with a mortgage or savings and then pay rent on the rest.
Is it right for you financially?
The share you buy is based on your income and outgoings.
Affordable Housing Programme (AHP) 2016-2021
For homes purchased under the Affordable Housing Programme (AHP) 2016-2021 you will have the opportunity to buy a share worth between 25% and 75% in the first instance. In most cases you will have the opportunity to purchase the property outright in the future.
Affordable Housing Programme (AHP) 2021 - 2026
For homes purchased under the Affordable Housing Programme (AHP) 2021-2026 you will have the opportunity to buy a share worth between 10% and 75% in the first instance. In most cases you will have the opportunity to purchase the property outright in the future. Homes England have also introduced the option of staircasing in 1% increments for the first 15 years; larger shares can still be purchased with the minimum reducing from 10% to 5%.
We will work with you to ensure you do not over extend yourself but maximise your finances. We require certain financial information to calculate how much of your property you should buy.