Shared Ownership
Shared ownership offers people the chance to to take the first step towards owning their home by part-owning and part-renting the property on a lease. You would take out a mortgage to buy an initial share (usually 50%), and pay rent to us on the remaining share.
To find out more about shared ownership go to Shared ownership
or read the Shared Ownership Allocations Policy
If you are already a leaseholder with the Society please read our Leaseholder Handbook See also Lease Extension Policy
Right to Acquire
In certain circumstances some of our homes for rent can be purchased by the residing tenant under a scheme called the Right to Acquire. To qualify the property must have been built or bought by us with public funding from April 1997. There are some exceptions to this including homes in rural areas and those that have been adapted for disabled people. We will tell all tenants if their property is eligible for the scheme, and give them full information about the scheme.
If the property qualifies, the tenant must also meet certain criteria. If you are a first time tenant of a social landlord from 18th January 2005, you must remain a tenant for a minimum of five years before you can apply. If you were already a tenant before 18th January 2005 you only need to wait for two years. You must also be able to afford the purchase of the property and will need to be able to meet the criteria of your mortgage lender.
The Right to Acquire rules may occasionally change, so you should contact us for up to date information, and let us know if you wish to apply for the Right to Acquire so we can send you an application form.
Other opportunities
From time to time the Government sets up new schemes to assist households with purchasing a property. We will let you know if we are participating in any such schemes, or direct you to other websites that may assist you.
Help to buy scheme: Shared Ownership Scheme
