New Build Ownership is the new name for Shared Ownership

This offers eligible applicants the opportunity to "Part Buy Part Rent" a newly built property from a Housing Association. You can buy initially between a 25% and 75% share of the property, with a below market rent being paid to the Housing Association on their remaining share.

You are also able to buy previously owned Shared Ownership properties which the Housing Association will recycle when an existing home owner wants to move on. These properties are known as Resales.

When your financial circumstances improve, you are able to buy more shares in the property this is known as Staircasing. In the vast majority of cases you can staircase to full 100% property ownership.

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