Shared Ownership is designed to make buying a home more affordable.
Instead of buying 100% of a property, you purchase a share, usually between 10% and 75%, and pay rent on the remaining share.
For many people, it’s a more affordable way to take their first step onto the property ladder.
Browse available Shared Ownership homes and find one that fits your needs and budget.
We’ll talk you through the eligibility criteria and help you understand whether Shared ownership is right for you.
Instead of buying 100% of the home, you’ll purchase a share, usually between 10% and 75%. You can buy this share with case or a mortgage.
Because you’re only buying a share of the property, rather than the full value, you’ll often need a smaller deposit and smaller mortgage, making homeownership more affordable.
Once everything is complete, you’ll move into your home and begin paying your mortgage on your share, plus rent on the remaining share.
The home is yours to decorate, enjoy and make your own. You’ll only need permission for anything structural or to the exterior of your home.
Many Shared Ownership customers choose to buy additional shares over time through a process called staircasing.
This can help you gradually increase your ownership and, in many cases, eventually own 100% of the property.
Shared Ownership has helped many people find a place they can call their own. Hear from our Shared Owners on how worked for them and how Redwing supported them throughout the journey.
The Rent To Buy scheme works slightly different to a Shared Ownership scheme in that you rent a portion of the property you choose first and then buy the remaining share as you progress through your ownership period. This scheme makes its significantly easier for first-time buyers to get onto the property ladder
Thinking of choosing Shared Ownership over Rent To Buy or other traditional homeownership schemes? Our team is here to answer your questions and help you understand whether Shared Ownership is right for you.