Shared Ownership

Shared ownership is designed for first-time buyers who are able to secure a mortgage but are unable to afford the full cost of home ownership. Shares range from 25% to 75%, you buy the maximum share you can afford and then pay a subsidised rent on the percentage you do not own. In future, you will be able to buy more shares until you own your own home outright.

How Does It Work?

  • You buy a share of a property at a price based on the current market value and you pay a subsidised rent on the remaining share still owned by Estuary Housing. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.
  • Flexible purchasing from as little as 25% or up to 75% on the first purchase.
  • In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home.
  • The more you own, the less rent you pay.

Shared Ownership

Is an affordable homeownership scheme for people who are unable to afford to buy a home outright on the open market.