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Shared Ownership

A Helping Hand

Shared Ownership

If you can’t afford to buy the home you want outright, Shared Ownership could be the perfect solution for you. A Government Help To Buy Scheme, it’s designed to give you a helping hand towards owning your own home.

It lets you purchase a share of your chosen house or apartment. You can put in between 25% and 75% of the value of the home. You then pay rent on the remaining portion.

For example, if the home you’re interested in costs £200,000 to purchase outright, a 50% share would cost you £100,000. Your monthly expenses would then be a combination of your mortgage payments for the £100,000 share you own and rent on the remaining share that you don’t own.

Shared Ownership homes are popular because they offer a simple way to lower the upfront cost of buying a house. By choosing an arrangement like this, you get to own a percentage of your home, which is yours to keep or to sell if you take the decision to move.

These agreements also allow you to buy more shares if and when you can afford to in the future. This means you can work towards complete ownership of your home.

The scheme is available to working people who can’t afford to buy outright and who earn less than £80,000 a year. It’s mainly targeted at first-time buyers, but you may also be eligible if you don’t currently own your own home and you want to get back onto the housing ladder.

To apply, visit the government’s Help to Buy website. If you’re eligible, we’ll refer you to an approved Independent Financial Adviser for free and impartial mortgage advice.

At Laurus Homes, we aim to make our developments as accessible as possible and offer finance schemes on our properties across the North West. Whether you’re interested in Shared Ownership in Manchester, Cheshire or elsewhere, we can help. To find out more, don’t hesitate to get in touch.

Featured Development


Hatters Park, Runcorn

3 Beds - 4 Beds £198,500+

View Find your home

Charming and spacious 3 & 4 bedroom homes available for shared ownership. Now available for viewing by appointment.

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