Homes to buy

Shared ownership

We develop homes which allow you to buy them in stages. Typically, you can buy initial shares of between 25% and 75% of the full cost of the home and a subsidised rent is charged on the remaining value.

To qualify you should have a household income not exceeding £60,000 (£66,000 in London for homes with less than three bedrooms and £80,000 for homes with three bedrooms and above) and should not own another property. Most lenders will now ask for a deposit of at least 5%.

Some shared ownership schemes are aimed at people over the age of 55, where only a share of up to 75% of the property can be purchased.  No rent is payable on the remaining share when 75% has been purchased.

There is also a shared ownership scheme for people with disabilities, called HOLD (Home Ownership for people with Long-term Disabilities).

For details of all shared ownership properties currently on offer, please visit the Guinness Homes website www.guinnesshomes.co.uk or call 0300 456 0522.

Stair-casing

If you already live in one of our shared ownership homes, we can help you to buy a bigger share of your home, until eventually you own it all. This is called ‘stair-casing’.

If you are interested in buying more of your home visit the Home Owners section for more information.

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