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   How do I buy a home through shared ownership?

   • If you’re interested in buying a home through Shared Ownership, check out our step-by-step guide to help you navigate the process. Firstly, create an account on Share to Buy. From here you can search for homes based off of your own requirements and need – this includes property type, number of bedrooms, search radius and deposit amount.

   Step by step guide to buying a Shared Ownership home - Share to Buy

   www.sharetobuy.com/guides-and-faqs/step-step-guide-buying-shared-ownership-home/

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   Can you buy a share of a house?

   • You can take out a mortgage to buy your share or pay for it with savings. You’ll also need to pay a deposit, usually between 5% and 10% of the share you’re buying. You can buy more shares in your home in the future. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent.

   Shared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk/shared-ownership-scheme

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   Should you buy a property through shared ownership?

   • Buying part of a property through shared ownership is one way of getting a foot on that first rung of the ladder – a ladder that's become harder to climb as property prices have soared. Yet while the concept of shared ownership is straightforward, in practice it can be both complicated and expensive.

   Shared Ownership: how the scheme works – MSE - MoneySavingExpert.…

   www.moneysavingexpert.com/mortgages/shared-ownership-scheme/

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   Can I buy a shared ownership home if I'm 55?

   • When you buy a shared ownership home, you must have: You must have completed the sale of your home on or before the date you complete buying your shared ownership home. If you’re 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.

   Shared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk/shared-ownership-scheme/who-can-apply

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   How do I apply for a shared ownership home?

   • There are 4 steps to apply for a shared ownership home. 1. Check if you can buy a home through shared ownership Find out who can apply to buy a home through shared ownership. 2. Find a home you want to buy If you’re eligible, you can contact an organisation selling shared ownership homes in your area. They will:

   Shared ownership homes: buying, improving and selling

   www.gov.uk/shared-ownership-scheme/apply

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   How do I Sell my Home if I only own a share?

   • If you only own a share of your home, selling that share will typically involve the following steps: You'll need to give formal notice to your housing association of your intention to sell. This may also be the case even if you've staircased to 100% ownership (check what the rules are with your housing association if unsure).

   Shared Ownership: how the scheme works – MSE - MoneySavingExpert.…

   www.moneysavingexpert.com/mortgages/shared-ownership-scheme/

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2. www.gov.uk › shared-ownership-schemeShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme

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   You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs. You buy a share of the...

3. www.gov.uk › shared-ownership-scheme › who-can-applyShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme › who-can-apply

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   You can buy a home through shared ownership if both of the following are true: your household income is £80,000 a year or less (£90,000 a year or less in London)

4. Videos

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     0:44

     sharetobuy.com

     Step by step guide to buying a Shared Ownership home - Share to Buy

     18 Feb 2018

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     10:42

     youtube.com

     The ultimate guide to buy out your shared ownership

     12 Aug 2022

     3.4K views

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     11:37

     youtube.com

     The Pro's and Con's of Shared Ownership Properties - First Time Buyer Secrets

     12 Jul 2019

     126.9K views

   View all

5. www.moneysavingexpert.com › mortgages › sharedShared ownership – how the homebuying scheme works

   www.moneysavingexpert.com › mortgages › shared

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   As the name of the scheme suggests, by using it you'll initially own a share of your home, as opposed to owning 100% of it, with the option to purchase some or all of the remaining share in the future. For the share you don't own, you'll need to pay rent on it.

6. www.sharetobuy.com › guides-and-faqs › step-stepStep by step guide to buying a Shared Ownership home

   www.sharetobuy.com › guides-and-faqs › step-step

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   • Video Duration: 44 sec

   • Firstly, create an account on Share to Buy. From here you can search for homes based off of your own requirements and need – this includes property type, number of bedrooms, search radius and deposit amount.
   • When you find a property (or properties) that you like the look of, click on the ‘Register Interest’ button. This will send your details directly to the housing provider who are selling the home.
   • Once a viewing has been arranged and attended through the housing provider, and you’re sure you want to make that property your home, you can put down a reservation fee.
   • If you meet the eligibility criteria, the housing provider will then invite you to attend a financial assessment; a calculator provided by the Homes and Communities Agency will be used to assess what share in the property you can afford to purchase.

7. www.rightmove.co.uk › ways-to-buy › shared-ownershipShared ownership | Rightmove Guides

   www.rightmove.co.uk › ways-to-buy › shared-ownership

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   Shared ownership is a scheme offered by some housing providers that allows you to buy a share of a property, and then pay rent on the remaining part. It can be a more affordable route – compared to buying a home outright – for first time buyers, or those that don’t currently own a home, to get onto the property ladder.

8. www.unbiased.co.uk › shared-ownershipShared ownership: the pros and cons explained | Unbiased

   www.unbiased.co.uk › shared-ownership

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   Sep 2, 2024 · If you’re struggling to find a home you can afford to buy, one solution may be shared ownership. Learn the pros and cons of shared ownership and more here.

9. www.gov.uk › shared-ownership-scheme › applyShared ownership homes: buying, improving and selling - GOV.UK

   www.gov.uk › shared-ownership-scheme › apply

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   There are 4 steps to apply for a shared ownership home. 1. Check if you can buy a home through shared ownership. Find out who can apply to buy a home through shared...