Buy a home Shared ownership

Shared ownership is an ideal option for people who can’t quite afford a mortgage on 100% of a property because you buy a share of your home and pay rent on the rest of it.

You have the same rights and responsibilities as any other homeowner, and you can gradually buy more shares in your home. In many cases, you can increase your share until you own 100% of your property.

New shared ownership homes

We’re building high-quality new shared ownership homes in developments across Gloucestershire, Oxfordshire, Wiltshire and the West Midlands through GreenSquare Homes.

We also offer shared ownership properties on developments by other housebuilders, which you can also find at GreenSquare Homes.

Resale shared ownership homes

When the current owner of a shared ownership home wants to sell their home, it’s known as a shared ownership resale.

You can find resale properties to buy in your area on the Rightmove website.

If you’re one of our shared owners and want to sell your home, please visit our shared owner information page.

Who can buy a shared ownership home?

You could buy a shared ownership home if:

• your household earns £80,000 or less
• you’re a first-time buyer or you used to own a home, but you can’t afford to buy one now

Affordability requirement

To be eligible for a shared ownership home, you must have at least 10% of your gross household income left over each month after paying for housing and other financial commitments.

When you apply for a shared ownership home, we will carry out an affordability assessment to make sure it fits your budget.

Read our Affordability Policy and Surplus Income Policy to find out more.

Local connection requirement

In some cases, you may need a connection to the area where the shared ownership home is located. This could mean you need to live or work there, or have an immediate family member in the area.

How can I buy a shared ownership home?

For more information about shared ownership and how to buy a home, visit the government’s Own your home website.

How are shared ownership homes allocated?

We offer shared ownership homes on a first come, first served basis.

This means that the first fully completed application we receive will be reviewed and processed before others. If the applicant decides not to proceed, then the property will be offered to the next applicant.

Read out First Come First Served Policy to find out more.