Buy a home
Through Shared Ownership
Shared ownership is aimed at people who need a helping hand to purchase a property
The scheme allows you to buy part of your home(between 25% and 75% of the value) and then rent the remaining part at a subsidised rate.
There are no size restrictions on the home you choose, as long as it is affordable to you. The scheme allows you to ‘staircase’ meaning that you can buy more shares in your property as and when you can afford to do so. In most cases you are able to staircase to 100%, owning your home outright.
You may be eligible to buy a shared ownership property if you meet the following criteria;
- You are unable to afford to buy a property on the open market suitable for your needs
- You have a household income below £80,000
- You have enough savings to cover the deposit for the share that you buy plus your legal costs
- You meet any local connection criteria if required
In some circumstances you are able to purchase if you are a current homeowner. However, to apply for one of our properties your current home must be sold subject to contract. Please contact the team to see if you’re eligible.
For more information about the shared ownership scheme, take a look at the guide below. Alternatively, contact us on 01209 200230 or email firstname.lastname@example.org.
Please do not call Coastline’s main number for shared ownership enquiries.
Find out more...
Our guide explaining the various options you may have to finance your shared ownership purchase and credits check advice
A guide to take you through each stage of the shared ownership sale process
A guide to help answer your initial thoughts and queries on shared ownership
An affordable way to get your feet on the property ladder