Shared ownership
Are you looking to get onto the property ladder, but can't quite afford it? We can help.
Our shared ownership scheme has been designed specifically for those who have a small deposit available but can't quite afford the mortgage on 100% of a home.
Buying a Shared Ownership property gives you the chance to buy a share of your home (between 25-75% of the property value) and pay rent on the remaining share. Then, as and when you can afford to, you can buy bigger shares and eventually own 100% of your home.
As of 2018 anyone using the Shared Ownership Scheme for homes worth up to £500,000 does not have to pay the Stamp Duty. This means that you could save up to £4000 on a home worth £200,000, making it easier for first time buyers.
To find out more about shared ownership, take a look at the information below, get in touch with us or visit the The Help to Buy North East Yorkshire and Humber website.