What is Shared Ownership?
Under the shared ownership scheme, you buy a share of your home – typically between 25% and 75% – and pay rent on the rest. You then buy the rest of your home in stages, as you can afford it.
If you’re feeling priced out of the property market, shared ownership could make it possible for you to buy your own home.
You’ll find all the information you need about Shared Ownership with L&Q, including eligibility information and how to apply, on the L&Q PricedIn website.
Find out more about Shared Ownership with L&Q
Some benefits of Shared Ownership
- A smaller deposit is required compared to buying a home outright, only 5-10% of the value of the share you are buying.
- L&Q offer a variety of properties in great locations, both in and outside of London.
- You can increase the share you own, until you eventually own 100% and no longer pay any subsidised rent to L&Q.
- Expert guidance is available from L&Q to help you through the eligibility and sales process.