Shared Ownership is for those who cannot afford to purchase a property on the open market. This scheme allows you to purchase a percentage share of a property whilst renting the remaining share from the housing association selling the property. You can then choose to purchase further shares to increase your ownership of the property.
This scheme can be available on new build and second hand properties. Second hand properties are referred to as re-sale shared ownership. These are homes previously purchased through the scheme which are now looking to be sold.
Shared ownership for people with long term disabilities or mental health issues
Advance specialises in housing and support for people with long term disabilities or mental health issues. They can support with purchasing a shared ownership property.
Find out more on the Advance website (external link).