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Interested in Shared Ownership?

Shared Ownership could help you own your home even if you feel priced out of the property market. It is an affordable home ownership scheme designed as a stepping-stone to achieving your ultimate goal of owning your own home. You can part-own and part-rent your home, helping you to make your first steps onto the property ladder. You may find the combined cost of your mortgage, rent and service charges to be cheaper than the cost of private rental.

Shared Ownership Eligibility criteria

Shared Ownership is for anyone who doesn’t currently own a home. If you want to get on the property ladder, but can’t afford to buy outright on the open market, then Shared Ownership could be for you.

It doesn’t matter what your job is, but your income must be less than £90,000 within London and £80,000 outside of London. You’re no longer required to live or work in the area where you intend to buy, however there may be some exceptions to these rules where historic agreements have been made with local authorities about certain developments.

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Apply now and confirm your eligibility

Shared Ownership Eligibility Quick Check

Applying with L&Q is the only way to confirm that you’re eligible to purchase one of our Shared Ownership homes. However this short list will give you an indication of the minimum eligibility requirements.
Our application form takes about 20 minutes to complete. It includes questions about your household income and savings, financial commitments, and your current living arrangements.
Once your eligibility has been confirmed you will be assigned an LQSO number, which you will need to book a viewing or reserve a property.

  • have a combined annual household income under £80,000, or £90,000 in London
  • not own a property, or part of a property, at the time of completing on your purchase
  • have a good credit history
  • have a minimum of £5,000 to cover the costs of buying a home
  • be over 18 years of age and be able to obtain a mortgage