About shared ownership

You are eligible to buy a shared ownership home if:

• your household income is less than £80,000
• you cannot afford to buy a home in the traditional way
• you’re a first-time buyer or, you previously owned a home but can’t afford to buy one now
• for some developments you will need to have a local connection to the area

You will need to pay for your share of your home before you can move in. You might be able to pay this in full, however you may need a mortgage to cover this cost. The good news is, you don’t have to put down a huge deposit to secure your shared ownership mortgage; deposits can be as little as 5% of your share.

In addition to purchasing your share of the property, you will also need to pay some one-off costs such as legal fees and stamp duty. See our buyer’s guide for a list of potential one-off and regular costs.

Selwood Housing has a number of shared ownership homes that are currently available or that will be available in the future. Visit our available homes page for more information.

Some developments fall within a section 106 agreement. This can mean that applicants must have a local connection to the area. This will be clearly highlighted on our property listing where this applies.

Please contact us on 01225 715 715 if you wish to sell your current shared ownership home.

You will need to contact us to request permission to keep pets in your home. If you live in or are purchasing a shared ownership house, it is more likely that you will be able to have pets.

All pets must be kept under proper care and control.

Shared ownership homes: buying, improving and selling: How shared ownership works – GOV.UK
Comprehensive information from the government website about purchasing a home through shared ownership in England.

Shared Ownership Leases – The Leasehold Advisory Service
A government funded, independent advice service for leaseholders, including shared owners.

You may also wish to seek your own financial advice.