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Affordable ways to buy a home

Get advice about buying your own home.
We are proposing some changes to the Housing Allocation Scheme

Let us know what you think of the proposed changes to the housing allocation scheme by 14 February 2021

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If you can’t afford to buy a home outright there are a number of options to help you.

Shared ownership

Shared ownership is a scheme that lets first-time buyers purchase a share of a property – usually between 25% and 75% – and pay rent on the remaining share.

You only need a mortgage for the share you own, so the deposit is much lower than if you buy your home outright.

When you buy a shared ownership home, you have the opportunity to increase your share of the property. This means you can eventually buy your home outright.

Check if you’re eligible for shared ownership.

 You can find shared ownership properties through:

Government schemes

The Government has different schemes that makes buying a home more affordable. Check their website for more information.

Grants for council tenants

If you rent a council house, you may be eligible for a cash grant of £25,000 - £44,000 to help you buy a new home. Find out more about the grant.

Useful websites