Shared Ownership

Shared Ownership is a home buying scheme where you buy a share, and pay rent to a landlord on the rest of the property.

Shared Ownership is a home buying scheme suitable for if you cannot afford the deposit and mortgage payments for a home that meets your needs. 

You will buy a share of the property and pay rent to a landlord, like Thirteen, on the rest. 

View our Shared Ownership homes.

How does Shared Ownership work?

When you buy a home through Shared Ownership you: 

  • buy a share between 10% and 75% of the property's full market value
  • pay rent to the landlord, like Thirteen, for the remaining share
  • usually pay monthly service charges towards the maintenance of communal areas and grounds

Who can apply? 

To qualify for our Shared Ownership scheme you will: 

  • be 18 years or older
  • be a first-time buyer, do not currently own a home, or have an accepted offer (sold subject to contract)
  • cannot afford all of the required deposits and mortgage payments for a home that meets your needs
  • have an income of less than £80,000

Buying with Shared Ownership

The share of the property you will buy is usually between 25% and 75%. Some Shared Ownership schemes will allow you to buy a 10% share. 

Once the share you are buying has been agreed with our advisors based on your affordability, you will pay for it by getting a mortgage to cover the amount of the share, or you can pay for it with savings. 

You will need to plan for all the costs needed when buying a home. Costs will include:

  • a reservation fee
  • your deposit which will usually be between 5% and 10% of the share you're buying
  • solicitors' fees
  • home insurance
  • and the monthly payments agreed for your mortgage, rent and service charge

You may need to pay stamp duty too. 

You can buy more shares in your home in the future or when you circumstances change. This is known as 'staircasing'. When you buy more shares, your rent payment will be less. In some cases, you can eventually own 100% of your home. 

Find out more about staircasing.


Further details

For more information or to find out if you’re eligible for our new build Shared Ownership scheme you can contact our sales team:

We sometimes have a number of pre-owned Shared Ownership properties for sale. If you're interested in a pre-owned property please call the phone number shown on the listing for that particular property.

View our pre-owned Shared Ownership properties for sale.