SHARED OWNERSHIP

LANGLEY PARK

How shared ownership works.

Shared ownership is a government-backed scheme that makes it easier for people to get on the property ladder. It’s designed for those who may not be able to buy a home outright but want the stability and security of home ownership.

A modern living room with a white sofa decorated with grey pillows. A knitted pouf and two wooden coffee tables are on a circular rug. There are houseplants near a large window with grey curtains. Two framed architectural prints hang on the wall.

Don’t compromise

It is getting harder and harder to buy on the open market. So Shared Ownership helps those who don’t want to make a compromise about location, size or quality, while still building equity in a home that they own.

We offer a Shared Ownership scheme that allows you to buy a home by paying for the portion you can afford. Shared Ownership makes homeownership more accessible by reducing the need for a large deposit and a substantial mortgage.

Shared Ownership could be for you if

You are over 18 years old.
Your household income is under £80,000
(or £90,000 in London).
You do not currently own another home at the time of purchasing your Shared Ownership property.*

Modern multi-story residential building with black metal paneling and glass balconies.

How it works

You purchase a share in your chosen home, typically between 25% and 75%, though initial shares can be as low as 10%. You will pay a subsidised rent on the share we own, along with a monthly service charge for the upkeep of communal areas or shared outdoor spaces.

As your financial situation improves and changes, you have the option to buy further shares in your home, known as staircasing. This allows you to increase your ownership and reduce your rent payments.

A significant advantage is that you’ll generally only need a deposit equivalent to 5% of the value of your share, rather than 5% of the total property value. This can help you move into your new home sooner.