Shared ownership (part buy/part rent of a property) is a way of purchasing a home if you are on a moderate income (below £60k pa). It is a government introduced scheme to help first time buyers get a foot on the property ladder who cannot afford to purchase a suitable home outright on the open market.
Shared ownership allows you to purchase a share of a house or flat developed by Hastoe Housing Association via a lease. You could buy for example a 30% share of a property and you would pay a subsidised rent on the share you do not own. Later, if you wished and could afford to do so, you would be able to buy further shares in the property.
As a shared ownership leaseholder, you have both the rights and responsibilities of a standard home owner.
For further details of how shared ownership works, eligibility criteria or properties available please contact the Sales Team at
sales@hastoe.com or call 0800 783 3097.