Am I eligible for shared ownership?

The scheme is available to those looking to own their own home who are unable to purchase on the open market.  Find out more below.

Shared Ownership eligibility

 If you meet the following criteria you could be eligible to buy through Shared Ownership:

  • You must not own another property in the UK at the time you complete on your shared ownership purchase
  • Your annual household income must not exceed £80,000 (£90,000 per annum within Greater London)
  • You must not currently own a property in the UK or overseas
  • You are a British or EU Citizen, or you have the right to remain in the UK
  • You must be over 18 if you are applying for a mortgage
  • You must have sufficient savings in addition to your deposit to cover the cost of legal fees and mortgage arrangement

Please note on some developments (scheme dependent), priority is given to those who work or live in the borough that the development is situated in. We will let you know where this applies.

Affordability calculator

Not sure what you can afford to buy through Shared Ownership? We'll help you work out the costs with our handy affordability calculator tool here.

Simply type in a full market value of a home, move the share percentage slider based on the share you'd like to buy, and the calculator will help you to look at monthly costs for buying and owning that home with shared ownership.