Shared ownership is a housing scheme designed to help people get on the property ladder by allowing them to buy a share of a home and pay rent on the remaining portion.
This can be a more affordable way to own your own home, and a potential solution to finding permanent accommodation.
How it works and its advantages:
- Eligibility - schemes are often aimed at first-time buyers or those who do not currently own a home
- Accessibility - It is easier for people with lower incomes, or those who can't afford a full mortgage, to get on the property ladder
- Ownership share - You purchase a share of the property with a mortgage, typically between 25% and 75%
- Lower deposit - Usually a deposit is between 5 to 10% of the share you are buying
- Affordable monthly payments - Monthly payments, including both mortgage and rent, can be cheaper than renting privately or having a full mortgage
- Long-term stability - As an owner-occupier, you have the potential to eventually own your home outright
- Staircasing - Over time you can buy additional shares in the property, a process known as 'staircasing', until you potentially own 100% of the home.
Our Nottingham HomeLink partners offer shared ownership options. To find out more and to view their homes, click on the links below:
Accent Housing
Shared ownership information
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Amplius Living
Shared ownership information
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East Midlands Homes
Shared ownership information
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Jigsaw Homes
Shared ownership information
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Metropolitan
Shared ownership information
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Nottingham Community Housing Association
Shared ownership information
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PA Housing
Shared ownership information
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Platform Housing
Shared ownership information
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Stonewater
Shared ownership information
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The Guinness Partnership Trust
Shared ownership information
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Tuntum Housing
Shared ownership information
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