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Shared Ownership helps people get on the property ladder if they can’t afford to buy a home on the open market.

Homes are usually managed by housing associations. Yorkshire Housing offers some shared ownership properties which are available through Space Homes.

How does Shared Ownership work?

You can purchase a 25-75% portion of a home with the opportunity to increase the percentage you own (this is known as staircasing). Usually there is the option to staircase up until you own 100 per cent of the property.

You will have to pay rent to the housing association for the part of the property you do not own, and sometimes a service charge for communal assets (like the roof on a block of flats).

When you sell your home, the housing association that part owns your home will assist you.

Buying a Shared Ownership home

Visit Space Homes to find a shared ownership home.  Once you have found a home available to buy under the scheme you must fill in an application on the Help to Buy website.

At this stage it is very important to speak with a financial adviser who can independently assess your eligibility and help determine if you can afford to buy the property.


To apply for Shared Ownership, you must meet the following criteria:

  • You must have a household income of less than £80,000
  • You are unable to purchase a property suitable for your needs on the open market
  • You are not in mortgage or rent arrears or in breach of your current tenancy agreement
  • You can afford your purchase and sustain home ownership in the long-term


Existing property owners must also:
  • Have written support from the relevant local authority that they have a housing need
  • Have already sold their property at the time they intend to buy a Shared Ownership property