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How it works

Through shared ownership you'll be able to buy a share of a home instead of having to fund its entire cost.

You can buy a 25%, 50% or 75% share of a home.

The remaining share is owned by a housing association.

For example, if you buy a 25% share, the housing association will own a 75% share.

Occupancy Charge

Because the housing association owns a share of your home you don't own it outright.

To allow you to live in the home, you have to pay an Occupancy Charge to the housing association.

The housing association will tell you how much the Occupancy Charge is.


Even though you don't own your home outright through shared ownership, because you're living in the home, you're responsible for any other costs a homeowner would be expected to pay.

These include:

  • paying your mortgage
  • factors costs
  • home contents insurance
  • building insurance
  • repairs and maintenance
  • council tax
  • heating, lighting and water bills
  • fittings and furniture
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