Shared Ownership means you buy a share in a property, say 50%,
and pay a rent and service charge on the share you don't own.
Because the rent is reduced and the mortgage you need is smaller,
it's cheaper than buying it outright.
In most cases, you've got the option to buy more
shares in the future, so you could eventually own 100% of your
We build and sell homes, so you will be buying your
property under a Shared Ownership lease which will
explain all your responsibilities, and those of Riverside
Home Ownership. As part of our assessment process, we will specify
what share you are able to purchase. The shares available and
monthly rents are shown on each development's page here on our
Take a look at
our Buying Guide for more detailed information.
To apply for any of our new Shared Ownership homes, you must
first complete an application with the local 'Help to Buy' Agent.
The local Help to Buy Agent will carry out a 'headline assessment'
to make sure you meet the general criteria for Shared Ownership,
and then pass your details to us. Find out who
we can help to see if you're eligible.
Once your application is with us, you will then deal with
Riverside Home Ownership directly - we will carry out a more
detailed assessment, including looking at your financial
circumstances, before you're ready to proceed.
You should make sure that your solicitor explains the details of
the Shared Ownership lease to you, but you can always drop us a line if you
have any questions.