Shared Ownership
Shared Ownership – a helping hand onto the property ladder.
At Loddon Homes, we understand that sometimes purchasing your own home can seem out of reach. However, for many, Shared Ownership can be a financially accessible option.
Shared Ownership allows you to buy a share of your home while Loddon Homes, as landlord, owns the remaining share. Below you can find information on affordability and eligibility, along with details of forthcoming developments and how to apply for a new home or a resale.
Affordability calculator
Shared Ownership provides the opportunity to purchase a home without the financial demands of 100% ownership.
It is important to make sure that you can afford to pay your mortgage, rent and service charges. Using an affordability calculator may help you decide whether or not Shared Ownership is an option for you.
There are lots of calculators available online, or you can use the Share to Buy calculator here:
Shared Ownership eligibility
Shared Ownership is designed for people who can’t afford to buy a home that suits their needs on the open market.
There are some eligibility requirements that must be met before we can offer you a home on the Shared Ownership scheme, such as age and income.
Shared Ownership criteria
- You must be aged 18 or over
- Your annual household income must be less than £80,000 (£90,000 if you’re in London)
- You should be a first-time buyer (or, if you do already own a home, you must be in the process of selling it)
- You should not be able to afford a home suitable to your needs on the open market
- You will need to have a deposit of at least 10% of the share you’re purchasing
Some local authorities require a local connection, which means you must currently live or work in the area where the home is located.
You don’t need to join the local authority’s housing register if you are interested in Shared Ownership housing.
Register your interest
If you’re interested in buying a home with Shared Ownership:
- Register your interest in Shared Ownership on our website
- When properties become available, we will notify you so that you can register your interest
