If you are looking to buy a new home through shared ownership in England, Sanctuary Homes offer a Shared Ownership scheme. The Shared Ownership scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 per cent of the value of the property - and pay a subsidised rent on the remaining portion.

When you can afford to, you can increase your share and buy your home in stages; this is known as staircasing. After a qualifying period, you may even be able to buy your home outright. Regardless of the size of the share you buy, you are a home owner.

To be eligible for the Shared Ownership scheme, you generally need to meet the following criteria:

  • Your annual household income can be no more than £80,000 (£90,000 in London).
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

If you meet the above criteria, you will need to complete a shared ownership application form (PDF 260KB) so we can ensure you are fully eligible. Alternatively, you can get in contact with us for further advice.

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