• WHO CAN BUY A SHARED OWNERSHIP HOME?
Shared ownership is designed to help those who cannot afford to buy a home outright on the open market and represents an excellent opportunity to get on the “property ladder”. Your income must be enough to cover your monthly mortgage, rent and service charge and you should also have some savings to cover the initial purchase costs.
You should normally be a first time buyer although you may be eligible if you have previously owned a property. However, at the time of completion you cannot own any other properties