About Shared Ownership

First off, shared ownership doesn’t mean sharing your home with anyone! Created in the early 1970’s, shared ownership was designed to help people get on and move up the housing ladder in a more affordable way.

Over the past 40 years, shared ownership has helped hundreds of thousands of people become home owners across England and Wales.

As the name suggests, you buy a share of the property and pay a rent on the part you don’t. You will own a share in a long leasehold property which means that you will be able to live in your home as if you bought it outright for your lifetime and be able to pass it on to your heirs if you wish – just like any other leasehold property.

How do I buy more?

The Your Front Door lease allows you to buy a bigger share of the property, using any increased value entitlement to act as a discount on the purchase price of the additional share. Alternatively, if you want to move you just sell your property on the open market. Assuming prices have risen you’ll get all the value increase on your share plus 75% of the increase on the unpurchased share owned by heylo too!