Shared ownership our popular part rent, part buy scheme

We have fantastic new homes for you to part rent, part buy in neighbourhoods right across the east coast of Lincolnshire.

So if you're struggling to get a deposit together, you're living at home with mum and dad and just don't want to be, then we have perfect homes to help you take that first step on the property ladder.

Shared ownership allows you to buy a share of a property and pay rent on the remaining share which you do not own. Over time, if you wish, you can buy more shares so that eventually you own your home in full. Please note, some properties are in a designated rural area and buying more shares can be restricted to 80% of the property's value. Check with us whether the property you are interested in is in one of those areas. To apply you must be in housing need and unable to buy a home outright.

If you feel shared ownership could be right for you take a look at some of our currently available homes. Occasionally a shared ownership property also becomes available for resale.

Sign up for marketing emails and receive details of our shared ownership, Doer-Upper and investment opportunity properties as soon as they become available!

Who can buy these properties?

To be eligible you must:

  • be at least 18 years of age
  • be living in the UK
  • be in housing need
  • be able to afford a share of a property without hardship
  • meet the required occupancy level for the property to avoid over- or under-occupation
  • not currently own another property (unless your current property is owned on shared ownership terms and you are looking to move to another shared ownership property)
  • be unable to buy a suitable property outright on the open market
  • have some savings to put towards the deposit and purchasing expenses
  • be able to satisfactorily demonstrate your ability to afford the total monthly outgoings of rent, mortgage and service charges required under shared ownership.

Other criteria may apply dependent on property type.

If you are interested in properties in North East Lincolnshire you must also register with Help to Buy NEYH, the government’s home buy agent for North East Yorkshire and Humber.

If you are interested in properties in Lincolnshire please also apply to the Help to Buy Agent covering Lincolnshire Help to Buy Midlands.

The Help to Buy Agent will also assess your application and recommend to us whether or not we accept your application.

Priority will be given to:

  • Serving military personnel and those discharged honourably in the last two years

Where there is more than one application for a property, priority will be given to:

  • Existing public sector tenants
  • Those accepted by the local authority to their waiting list
    • Band 3 or above in North East Lincolnshire
    • Band 3 or above in East Lindsey
    • Band Bronze or above in Boston
  • Other first time buyers and HOLD scheme applicants

Where we have more than one interested purchaser we will set a closing date for the property and assess all applications received on that date. The successful applicant will be the applicant who best meets our eligibility criteria. Where applicants have the same housing need, we will proceed with the applicants whose application was submitted first.

Apply online for the shared ownership scheme - you will be taken to a new web page for this form. You can register and save your form progress if you prefer, then simply log in again and carry on with your application.

 

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