Shared Ownership is a home buying scheme that helps you get on the property ladder if you can’t afford the full deposit or mortgage for a home that meets your needs.
You buy a share of the home and pay rent to a landlord – like us – on the rest.
View our Shared Ownership properties
You can find out more about our Shared Ownership properties on the Thirteen Homes website.
Find out about Shared Ownership
When you buy through Shared Ownership, you:
- Buy a share between 10% and 75% of the home’s market value
- Pay rent on the remaining share
- You can buy more shares later – this is called staircasing. As you buy more, your rent goes down. In most cases, you can eventually own 100% of your home.
Find out more about staircasing.
You can apply if you:
- Are 18 or older
- Are a first-time buyer, don’t currently own a home, or have accepted an offer on your current home (sold subject to contract)
- Have a household income of less than £80,000
- Can’t afford a suitable home on the open market
You’ll need to plan for:
- A reservation fee
- A deposit (usually 5–10% of your share)
- Solicitor’s fees
- Monthly payments for your mortgage, rent and estate management charge
- Utility bills (gas, electricity, water, internet etc) and council tax
- Home insurance
- Stamp duty, if applicable
For new Shared Ownership homes
Call our sales team on 01642 947070 or email sales@thirteengroup.co.uk
For resale queries
To start the process of selling your Shared Ownership home, contact our home ownership team.