Shared ownership

You can buy a home through shared ownership if both of the following are true:

• Your household income is no more than £80,000 a year (outside London)
• You cannot afford all of the deposit and mortgage payments for a home that meets your needs

One of the following must also be true:

• You are a first-time buyer
• You used to own a home but cannot afford to buy one now
• You are forming a new household, for example after a relationship breakdown
• You are an existing shared owner, and you want to move
• You own a home and want to move but cannot afford a new home that meets your needs

Check if you are eligible to buy a home through shared ownership

Older people

• If you are aged 55 or over at the time of buying the home, you can buy up to a 75% share through the Older Persons Shared Ownership (OPSO) scheme. Once you own 75%, you will not pay rent on the rest.

Disabled people

• You can apply for a ‘Home Ownership for people with a Long-term Disability’ (HOLD) if other scheme properties do not meet your needs. For example, if you need ground floor.

Priority for members of the armed forces

• Sometimes several households make an offer on a home at the same time. Your offer will be prioritised if you are a serving member of the armed forces. Depending on your role you may also be prioritised if you previously served.