Shared ownership
Our shared ownership scheme offers an alternative to renting and full ownership. It is suitable for people with a regular income, who want to buy a home but cannot afford full purchase.
With shared ownership you buy a share of your home and pay rent on the rest. You pay a percentage share of the full value of a property, paying rent on the portion not purchased. Equity percentages range normally from 25% up to 75%. Shared owners can apply to purchase further shares at a later date. There is the option of 'staircasing' up to full ownership.
Leasehold schemes for the elderly
Some of our communities/properties are supported by a government grant of 30% of the cost. It is an initiative known as leasehold schemes for the elderly. It enables you to own a 70% interest in the value of the property. This is on a 60- or 99-year lease (it varies on different schemes). You do not pay a rent on the unpurchased balance.