The Eligibility Criteria for Shared Ownership

Who is eligible to use the scheme?

You have to either be a first time buyer or not be able to afford a home suitable for your housing needs on the open market

Your combined household income must be less than £80,000 (£90,000 in London)


You must be at least 18 years old. There is a separate scheme for the over 55s (Older Persons' Shared Ownership)

You must have a good credit history, without rent or mortgage arrears, bad debts or County Court Judgements

You must have a deposit of 5-10% of the share you are buying, plus around £4000 to cover expenses


You will have to pass affordability checks ad sufficient income to secure a mortgage whilst paying your rent, service charge and any other costs

Military personnel and, in some cases, people who live or work in a local area, have a priority