You can buy a share in a brand new, refurbished or resale home, so you part buy and part rent your home.
You'll usually pay a mortgage on the part you own and a reduced rent on the rest. You can usually increase the share you own (called Staircasing) until you own all of your home and no longer pay us any rent.
Can I get shared ownership?
Yes, if you don’t earn enough to buy a home on the open market.
These homes are intended for eligible people who can't afford to buy a home suitable for their needs on the open market. You're usually eligible if you can demonstrate a housing need for the property in question. Households with an income of more than £80,000 a year aren't eligible for the scheme.
How do I apply?
You'll need to get an application pack from us and have a financial assessment carried out by one of the advisers in the pack. Please call us on 08458 504505 or send an email.
You'll also need to register with the Help to Buy Agent for the area you wish to live in.
Help to Buy South West cover the Somerset area (West Somerset, South Somerset, Taunton Deane and Sedgemoor). Give them a call on 0300 100 0021 or have a look at Help to Buy South West.
Help to Buy South cover South Gloucestershire, Gloucester, North Somerset, Bristol, Bath and North East Somerset and Wiltshire. Give them a call on 0845 604 1122 or have a look at Help to Buy South.
Click on the play button at the top of the page to check out our short film to about shared ownership.