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We offer an extensive range of shared ownership homes both in and outside of London. Find a shared ownership home near you, or learn more about the scheme below.
For Shared Ownership Application queries, please email applications@lqgroup.org.uk. The team is available Monday to Friday, 9am-5pm.
Under the shared ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don’t own. Over time, you can increase the share you own until you eventually own 100%.
To be eligible to purchase a shared ownership home you must have a combined annual household income under £80,000 when buying outside of London, or £90,000 in London. You must not own a property, or part of a property, at the time of completing on your purchase, have a good credit history and have a minimum of £5,000 to cover the costs of buying a home.
Once you have applied and been deemed eligible for shared ownership, you can go on to register your interest in developments you are interested in and book a viewing. Once you find the right home you can reserve and move onto the financial interview stage. Then you can appoint a solicitor and look forward to completion day and receiving the keys to your new home!
Shared Ownership doesn’t begin and end with the first share purchase. Over time you can buy a bigger share in your home through a process called staircasing. You can also choose to sell your share of your home at any time. Learn more about living in your new home, staircasing and selling your Shared Ownership home.
