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10% or more
- Typically, you can buy shares of 10% or more at any time, though some older leases may only allow 25% or more, while newer leases might permit shares as small as 5%. If you purchased your home on or after 1 April 2021, you might also be able to buy 1% shares each year for the first 15 years.
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How much share can you buy in a house?
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What is the maximum share you can own?
The share you can buy is usually between 25% and 75%. You can buy a 10% share on some homes. You can take out a mortgage to buy your share or pay for it with savings.
Check the key information document for the home to see if you can buy 1% shares. If eligible, you can buy a 1% share each year for the first 15 years that you own the home.
The maximum initial share you can buy is typically 75%. On the same property, a 75% share would be equivalent to £225,000. The exact minimum and maximum shares available for purchase vary, and very much depend on which property and where you're looking to buy.
Shared Ownership. Struggling to afford a new home? Find out about Shared Ownership - a government scheme that allows you to buy a share of a property and pay rent on the rest. Find Shared Ownership properties for sale. Search. Shared Ownership at a glance. Deposit needed. Minimum 5% of the share of the property you're buying. Ownership.
Dec 22, 2022 · Using the Right to Shared Ownership, you can buy an equity stake in your home worth between 10% and 75% of its full market value. You will pay rent on the equity stake you have not acquired.
You can buy more of your home after you become the owner. This is known as ‘staircasing’. The cost of your new share will depend on the value of your home when you want to buy the share, so expect prices to go up or down over time.
Everything you need to know about shared ownership eligibility, the buying process, costs and more.