What is

Shared
Ownership?

Designed as an alternative way to buy your new home, you can buy a share with a small deposit and a mortgage.

You pay rent on the remaining share you haven’t purchased, but you live in your home as your own – and you can buy more shares in your home when you wish to.

How it works

*Based on a 6% mortgage interest rate and 30-year mortgage term. **Calculated at 2.75% of remaining share. Costs provided are indicative and approximate only.
Example provided is based on a property with a full market value of £307,500. Individual costs may vary subject to personal financial circumstances.
All applicants are required to complete an affordability assessment to determine affordability. ^Monthly service charge is payable and varies by plot.

A guide to Shared Ownership

Useful information

How much of a deposit do I need to purchase a Shared Ownership home?

Can I make an offer on a property that is different to the advertised price?

Do I have to buy the minimum share advertised?

Am I eligible if I already own a home?

I have a mortgage decision in principle. Why do I need to complete an affordability check?

When I’m applying for my mortgage, can I use my own mortgage broker or can Thrive Homes suggest one?

Can I select kitchen and flooring choices?

Download our full Shared Ownership guide to find out more. Alternatively, get in touch and we will be happy to help.

Shared Ownership guide Get in touch

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Not ready to buy?

The Rent to Buy scheme provides an affordable route to homeownership.

The scheme offers homes at a discounted rent on an assured shorthold tenancy (AST) basis, usually as much as 20% less than private market rents. This then allows you to save for a deposit to buy your home after five years, either outright or through Shared Ownership. It’s the perfect ‘try before you buy’ product.

Thrive Homes offers Rent to Buy on selected new developments, as well as relets that become available from time to time.

Find out if you’re eligible