Guide to Shared Ownership brochure

A Guide to Shared Ownership

Introduction This guide has been designed to assist you with understanding the process of buying a shared ownership property with bpha and answer any questions you may have. Should you have any further queries, please contact our sales team. Who is bpha? – We are a registered housing association with over 18,000 affordable homes in the south east of England. Why buy with bpha? – We have over 2,000 shared ownership homes and have been helping people to find a home of their own for over 25 years. What is Shared Ownership? Shared ownership is offered under the Government’s Help to Buy scheme and provides an affordable route into home ownership offering an alternative to renting. The initial share purchased will normally be between 25% and 75%. This should be a share that is affordable now but also sustainable for the future ensuring that your costs remain manageable. In the future you can purchase more shares – a process known as ‘staircasing’ – or you can sell the property. You buy a share of your home and pay a rent to bpha on the part that you do not own.

Example Cost: £300,000 Property Value 45%

Share Being Purchased £135,000 Cost of Share (deposit and mortgage) £378.13 Monthly Rent

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