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 build homes and some older (but still lovely) homes available for shared ownership.

Getting started

If you're interested in a shared ownership home one of the first things you'll need to do is register with Help to Buy East & South East. Even if you're not quite ready to register and still thinking whether shared ownership is right for you it's well worth heading across to their website as they have loads of useful information, advice and guidance.

There's a couple of sales teams we work with who are Red Loft and Currell who will be more than happy to help with any information you need.

Red Loft | | phone: 0844 225 3071
Currell | | phone: 0207 704 5618 

How it works

Costs and payments

You can buy between 25% and 75% of the home.

You pay a mortgage on the part you buy. You pay rent on the rest.

The more of the home you buy, the less you pay in rent.

The rent is charged at 2.75% of the total share value that mhs owns. 

Here's an example...

Total property value
You buy
40% (value £60,000)
mhs owns
60% (value £90,000)
Your annual rent
£90,000 x 2.75% = £2,475
Your monthly rent
£2,475 / 12 months = £206.25

Service charges

You may also have to pay money each month as a service charge - especially if you’re buying a flat. We can tell you more about this when you are looking at our homes.

Other charges

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. 

Repairs and maintenance responsibilities

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

Find out more about your responsibilities as a shared owner.