The shared ownership scheme helps people who cannot afford to buy a home of their own outright. It is an alternative to renting and full ownership and is suitable for people with a regular income who want to buy their own home but cannot afford a full purchase.

With shared ownership you buy a share of your home and pay rent on the rest. You pay a percentage share of the full value of a property, paying rent on the portion not purchased. Equity percentages range normally from 25% up to 75% and shared owners can apply to purchase further shares at a later date, with the option of 'staircasing' up to full ownership. You also have the option to 'stair case' down to full rent in certain circumstances.

See the step by step guide to shared ownership

We have shared ownership properties in:

• Bismark Street
• Holgate Park
• James Backhouse Place
• Knights Way, Beverley
• New Earswick
• Victoria Geldof
• Woodlands
• Other shared ownership properties

For information about shared ownership properties contact us.