What is shared ownership?
Shared ownership is a government-funded shared ownership scheme designed to help you get on the property ladder.
Shared ownership enables you to buy a share of the property that you can afford – usually between 25 per cent and 75 per cent – and pay us rent at a level below market value on the rest.
We help you work out what share you can afford to buy so that you won't be stretched financially. With shared ownership you can usually buy further shares of your home as and when you can afford to.
What sort of home can I buy with shared ownership?
We offer everything from studio flats to four-bedroom houses. There's a good choice because we're constantly building or renovating homes.
We also sell around 150 resales each year. These are homes currently owned by existing shared owners who want to move on.
What size of property can I buy?
Your salary will usually be the deciding factor in the size of the property you can buy.
We generally set aside the larger properties for people with children or those with other dependants, although this isn't always the case.
In your shared ownership application form you'll be able to say what you would prefer in terms of the property size and borough. We can also help you set your budget.
How much will shared ownership cost?
We set prices according to open market valuations, so you can be confident you're getting a fair deal. Read more about what you'll pay for your home.
Are there any restrictions on New Build HomeBuy?
In most New Build HomeBuy (shared ownership) flats, there are restrictions on:
- keeping pets
- having satellite dishes
- laying wooden floors.
More information
For more information about New Build HomeBuy (shared ownership) contact us on 020 8357 4444 or sales@nhhg.org.uk.