Through L&Q Shared Ownership you part-own and part-rent your home and you will need a much smaller deposit than when you buy on the open market.

How does the scheme work?

• With Shared Ownership you start by buying a share in a home, between 25% and 75% of the full value
• Your deposit is 5% to 10% of the share you are buying, not the full value
• You will pay a mortgage on the share you own and a subsidised rent to L&Q on the share you don’t own
• You can increase the share you own until you  own 100% of your home and no longer pay any rent to L&Q. This process is known as ‘staircasing’

Watch informative videos, hear from other home buyers and learn All About Shared Ownership here.

Are you eligible?

To be eligible you must:

• 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

There are a few other eligibility requirements you’ll need to meet, read more about it here.

Completing our Shared Ownership Application form is the only way to confirm you are eligible for Shared Ownership with L&Q. It includes questions about your household income and savings, financial commitments, and your current living arrangements. This information will help us confirm that you are eligible to buy a Shared Ownership home.

Once your eligibility has been confirmed you will be given an LQSO application number. You will need this number when you’re ready to speak to our Sales Team about your dream home.