Right to Shared Ownership: buying a share of your rented home
Who can apply
You may be eligible to buy a share of your rented home through the Right to Shared Ownership scheme if all of the following are true:
- your household income is £80,000 a year or less (£90,000 a year or less in London)
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
- you are renting a home that is eligible for the Right to Shared Ownership scheme - check with your landlord if you’re not sure
- you’ve lived in your home for at least 1 year
- you’ve been a tenant of social or affordable housing for at least 3 years - it does not have to be 3 years in a row or with the same landlord
- you are not overdue with rent or credit payments
One of the following must also be true:
- you’re a first-time buyer
- you used to own a home but cannot afford to buy one now
You can read the full eligibility requirements in the application form.
Joint applications
You can make a joint application with:
-
someone who shares your tenancy
-
up to 3 family members – they must have lived with you for the past 12 months