A home of your own

Shared ownership is a great way to get your first foot on the property ladder. It’s a chance to part-buy a home of your own.

If you can't afford to buy in one go, shared ownership lets you buy a share of your home and pay rent on the rest.

We’ve some brand spanking new homes and some older (but still lovely) homes available for shared ownership.


Frequently asked questions

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You can buy as little as 25% of the home or as much as 75%. The FAQs below will tell you a little more information about what it could cost you. 

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• Most people pay a mortgage on the part you own, and pay rent on the rest
• The more you own of the home, the less you will pay in rent
• The rent is charged at 2.75% of the total share value we own. For example:

Total property value = £150,000
You buy 40% (value £60,000)
We own 60% (value £90,000)

So the annual rent will be £90,000 x 2.75% = £2,475
And the monthly rent will be £2,475 divided by 12 = £206.25 a month

You may – especially if you’re buying a flat - also have to pay money each month as a service charge. But we can tell you more about this when we look at actual homes

It’s hard to tell you everything you need to know - it changes depending on where it is, who it’s for and how expensive it is.

Get in touch and we’ll explain anything you’re not sure about.

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Even though you don’t own the property completely, you still have to look after it as if you owned it all.

You’ll find more about your responsibilities here.

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You need to register with Help to Buy to buy a shared ownership home.

The sales teams we work with at Red Loft and Currell can give you any more information you need.

• Red Loft | email sales@redloft.co.uk | phone: 0844 225 3071
• Currell | email: affordablehomes@currell.com | phone: 0207 704 5618

Here’s how to contact them:

• Red Loft | email sales@redloft.co.uk | phone: 0844 225 3071
• Currell | email: affordablehomes@currell.com | phone: 0207 704 5618

Take a look at our latest shared ownership homes for sale here.

Still need help?

If you still got questions, just email contactus@mhs.org.uk or contact us on live chat.


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