Shared Ownership and First Homes
Eligibility for Shared Ownership
You can buy a home through shared ownership if both 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 for a home that meets your needs.
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’re forming a new household - for example, after a relationship breakdown.
- you’re an existing shared owner, and you want to move.
- you own a home and want to move but cannot afford a new home that meets your needs.
For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.
Shared ownership homes - who can apply?