Buy a home

Through Shared Ownership

Row of Houses

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 home.ownership@coastlinehousing.co.uk.

Please do not call Coastline’s main number for shared ownership enquiries.

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Hawkens Way

Prices from £80,000 for a 40% share.

1 Plot Remaining

We're no longer inviting applications for this scheme

Prices from £72,000 for a 40% share.

An affordable way to get your feet on the property ladder

Prices from £92,750 for a 35% share