Shared Ownership

What is Shared Ownership?

Shared Ownership is an excellent way for people to take their first step onto the property ladder. Buyers purchase a share of between 25% and 75% of the property’s value, and pay a subsidised rent on the remaining share.

 

Am I eligible?

To be eligible for a Shared Ownership home at Broadmeadow Park, Sandbach:

 

You must be at least 18 years old.

You must be unable to buy a home suitable for your needs on the open market.

You will need sufficient savings for a mortgage deposit for your share and a clean credit history to qualify for a mortgage.

Your annual household income must be less than £80,000.

You must not own a property, or part of a property, at the time of completing your purchase.

 

In line with government priorities, priority for Shared Ownership homes is awarded to serving military personnel and former members of the British Armed Forces honourably discharged in the last two years. People who live or work in the local area also receive priority. We welcome applications from everyone and will try and help if we can.