Affordable ways to buy a home
If you can’t afford to buy a home outright there are a number of options to help you.
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.
You can find shared ownership properties through:
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.