Shared ownership - is it for me?
You can buy a home through shared ownership if:
- You have a total household income of less than £80,000
- You do not currently own your own home or in exceptional circumstances you need to sell your current home, such as a relationship breakdown or if your current property becomes unsuitable for your needs and you cannot afford to buy on the open market
If you are a serving member of the British Armed Forces, or have been honourably discharged in the last two years, then you will receive priority for buying a home through shared ownership.
If you are a Key Worker, existing shared owner or renting a housing association or council owned property then you will also be prioritised.
In some circumstances there is a requirement for local connection. If you reside in the local area, have family and friends who have a local connection, or you are employed in that area this may satisfy the criteria.