Shared Ownership with NHG Homes
What is Shared Ownership?
Shared ownership is designed to make homeownership more accessible, particularly for first-time buyers. By purchasing a share of the property and paying rent on the remainder, you can gradually increase your stake in the home over time, a process known as "staircasing".
Shared Ownership Eligibility
Eligibility for shared ownership generally includes having a household income below a certain threshold, being a first-time buyer, or not currently owning another home. Specific criteria can vary, so it's important to check the detailed requirements to see if you qualify.
Shared Ownership Affordability
One of the key benefits of shared ownership is its affordability. With lower initial costs and flexible purchasing options, it's a viable route for many who might otherwise struggle to buy a home. We break down the costs and benefits to help you understand how shared ownership can fit your budget.
Shared Ownership Finances Explained
Navigating the financial aspects of shared ownership can seem daunting, but our guides are here to help. From understanding how much you can borrow to calculating your monthly payments, we cover all the essential financial information you need to make informed decisions.
Shared Ownership Application Process
Shared ownership is designed to make homeownership more accessible, particularly for first-time buyers. By purchasing a share of the property and paying rent on the remainder, you can gradually increase your stake in the home over time, a process known as "staircasing".
Shared Ownership Resales
Shared ownership properties can be sold in the future, offering flexibility if your circumstances change. Our resale guides explain how to sell your share, from finding a buyer to completing the sale, making the process as smooth as possible.