Glossary · UK
What is Shared Ownership?
A scheme where you buy 25–75% of a home and pay subsidised rent on the rest.
Full Definition
Shared Ownership is a UK part-rent / part-buy scheme run by housing associations. You buy a share of the property (typically 25%, 50% or 75%) and pay subsidised rent (usually ~2.75%/year) to the housing association on the unowned share. Over time you can "staircase" up — buy more shares — until you own 100% (though leasehold restrictions usually remain). Available to first-time buyers, those who used to own but can no longer afford, or current shared owners moving home. Household income usually capped at £80,000 (£90,000 in London). Stamp duty applies on the share you buy or, optionally, on the total value.
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Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.