However, Shared Ownership Is Usually Cheaper Than Renting, And At Least You Own Part Of Your Home.

Your household income is £80,000 a. The scheme is aimed at: Let’s take a closer at what boxes need to be ticked for shared ownership eligibility:

There Are Also Different Rules For England, Wales, Scotland And Northern Ireland.

The criteria can be different for each development but usually requires:. They are called ‘providers’ or the landlord. Eligibility for shared ownership differs between housing associations.

Who Is Eligible For The Shared Ownership Scheme?

Who is eligible for shared ownership? Can’t afford to buy a suitable home on the open market. This means there are some.

Who Is Eligible Fairshare Is A New Shared Ownership Scheme For Northern Ireland.

Housing policy is devolved, so there are slightly different rules on shared ownership in scotland, wales and northern ireland. You’re over 18 years old. Shared ownership is a stepping stone for those looking to buy their own home but can’t quite afford to buy on the open market.

You Qualify For The Shared Ownership Scheme If The Following Applies:

Shared ownership gives people who can’t afford to buy a home the chance to get on the property ladder. You can afford to buy outright on the open market; You must be 18 or over your income must be less than £80,000 annually.