Is low cost home ownership just for first time buyers?

Not necessarily. First time buyers are at the heart of the scheme, but you can buy if you have owned a property before in certain circumstances. It is not for people who want to buy a second property and rent it out.

What is Shared Ownership?

Also known as part buy/part rent, it works by allowing you to buy a share of your home and pay a subsidised rent on the remainder, which will be owned by a housing association.

Does it work out expensive when all the cost are taken into consideration?

You will pay a mortgage on the share you buy and rent on the rest. This will cost you less than if you had bought outright, and in most instances less than renting privately. You will only need to raise a deposit on the share you buy, so the initial amount you put down will also be considerably less.

What is a Help to Buy agent and why do I need to apply to them?

Help to Buy agents are appointed by Homes England. Help to Buy agents administer headline eligibility for our Shared Ownership developments.

Help to Buy Midlands update - The way you access a Help to Buy agent is changing. Registration for affordable homeownership is closed between 16th December 2019 - 2nd January 2020. We will update you further on the 2nd January on how to apply to your new Help to Buy agent.

Can I do the Shared Ownership scheme on any property?

No, it is only available on those properties earmarked for the scheme.