Shared ownership

Shared ownership, sometimes called part buy/part rent, can be a more affordable way to buy a home. It’s flexible and allows you to but you home in stages, instead of all at once. 

How does it work?

• Depending on what you can afford, you purchase a share in a new home. This means you need a smaller deposit.
• You then pay subsidised rent on the remaining share that you don’t own.
• You can buy more shares whenever you’re ready, until you own 100% of your home. In some cases, the maximum share you can buy is 75%. 

There two different types of shared ownership lease available. If you have already bought a shared ownership home, you will be able to find out what type of lease you have by logging into MyGUHG. You can find out more about the two different types using the links below.