Shared ownership* doesn’t mean you have to share your home with anyone. You will become a home owner and enjoy all the benefits that comes with this.
If you can’t quite afford the mortgage on 100% of a home, the Help to Buy: Shared Ownership scheme offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.
You could buy a home through Shared Ownership if your household earns £80,000 a year or less and you are a first-time buyer. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold. - See more at: Help to Buy : Shared Ownership.
To see what properties are available in the area, please visit Help to Buy Midlands.
*We are in partnership with the City of Wolverhampton Council in providing a small number of shared ownership properties on Peascroft, Sweet Briary and The Marches.