Help to Buy South West

Wednesday, 26-Nov-2014
Welcome >Affordable Housing Schemes>Shared Ownership

Shared Ownership

What is Help to Buy Shared Ownership?

This option offers brand new homes for sale on a part buy / part rent basis

How does it work?

Homes are available through different housing associations. You can buy shares worth between 25% and 75% of the property's market value and you pay a subsidised rent on the remaining share. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share. Resale properties originally sold as Shared Ownership are also available from existing owners.

What are my options after buying through Help to Buy Shared Ownership?

You can buy additional shares at a later date until you own 100%, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.  If you wish to sell your property, your share is marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale.

What homes are available?

We ask all housing associations and developers to list their properties on our website.  You can search for a home in the area you wish to live here.

For more information please contact Help to Buy South West on 0300 100 0021 or by email at 


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