How much do I need to earn to qualify for shared ownership?
There is no formula for this: it will depend on the full market cost of the property that you are interested in and the percentage share available to buy.
The share available to buy may be 25%, 30%, 50%, or even 70%. The percentage share available to buy will always be advertised on the property advert.
For example, if you are looking at a property with a full market value of £270,000 and the share percentage available to buy is 25%, the share available for you to buy will cost £67,500. You will be assessed to establish if this share is affordable for you.
How we can help
If you are interested in a property, register your interest with us.
The independent financial adviser that does your financial assessment will be able to tell you whether you earn enough to buy the share.
Where can I look at the properties you have to sell?
We have a number of properties available to buy:
- Private sale (where you buy all of the property at full market price);
- Shared ownership (where you buy a percentage of the property and pay rent on the remainder), and
- Equity loan (a loan that acts as a deposit and must be repaid on the sale of the property, or earlier).
Please check the sites below: