Key Changes in the New Shared Ownership Model

The new government Affordable Homes Programme has signalled changes to new homes available under the Shared Ownership* scheme helping more people like you onto the property ladder.

Here's how these changes could benefit you

• Buy with minimum shares from 10% (previously 25%)
• An additional 10-year repair warranty during which you will receive support to pay for essential repairs on top of your structural warranty
• Take control of the resale process at an earlier point, allowing you greater influence over the sale of your home
• A new 1% gradual staircasing model enables you to buy more shares in smaller instalments compared to the previous 10% staircasing instalments
• Buy with lower mortgage deposits from 10% of the share price - that’s just 1% of the overall property value.