Get your foot on the ladder with only a 5% deposit*
Shared Ownership is a good alternative to renting if you can’t afford the larger deposit to buy a house outright.
Our scheme enables you to buy a share in a home and pay a reduced rent on the share that you don’t own. Shares range from 25% to 75% initially, with the option for you to buy more once you’ve moved in.
*Some mortgage lenders may require a larger deposit and may not offer deals with 5% deposits. An eligibility and affordability assessment will be carried out. The more deposit you have saved could mean you can buy more of a share, which could bring your monthly rent payments down.
Before arranging a viewing for a Shared Ownership property, please complete the Help to Buy North West Shared Ownership Application below. Once this has been submitted, please email us to confirm, on firstname.lastname@example.org we will then contact you with the next steps.
Please ensure you select Halton Housing as the developer or we will not receive your application.Apply Now
You can buy a share of a Shared Ownership homes starting from as little as 25%. Shares are only available from 25% – 75% initially but once you have moved in, you have the option to buy more shares in your home, which is what’s known as staircasing.
Some of our new developments have a cap on how far you can staircase, these are usually within Designated Protected Areas. Providers are required to offer grant funded shared ownership properties with a lease and this can mean staircasing is restricted to no more than 80% ownership, this is to ensure the properties remain in the ownership of local people. On some of our other developments, there is no cap and you can staircase to full ownership and own 100% of the property and you will then have no rent to pay, only your mortgage.
If you would like to staircase, you can do it in affordable stages, but we’d suggest you wait until you can afford to buy at least an additional 5% – 10%, to make it worthwhile.
Shared Ownership (also known as part buy part rent) is an affordable way to own a home. The more shares you own, the less rent you pay and it also means when you come to sell, if the value of your home has increased, you could make more profit!
If you’d like to buy more shares in your home, please get in touch with a member of our team and we’ll be more than happy to go through the options with you.Get in Touch