Shared Ownership housing: key things to know


Shared-ownership gives you the chance to buy a percentage share of a new build property, and you rent the remaining share from a housing association.

This makes home ownership more affordable as it reduces the amount required for a deposit, and you only pay the mortgage on the share you own.

In England, Shared Ownership is a Help to Buy scheme, with the exception of London, in which it is a FIRST STEPS scheme.

Help to Buy is the brand for the government-funded initiative of affordable home ownership schemes designed to help people who cannot afford to buy a home that suits the needs of their household.

Over the years several scheme names have been used (i.e. part buy/part rent) but the current Help to Buy schemes:

  • ‘Equity Loans’
  • ‘Shared Ownership’.

The Homes and Communities Agency (HCA) has appointed 15 Local Help to Buy Agents providing coverage across England.

The Local Help to Buy Agent is there to guide you through the options available via Help to Buy and explain the eligibility and affordability criteria. Read more property news here.