Author: Mark Langshaw
Peer-reviewed by: Lee Trett
Author: Mark Langshaw
Peer-reviewed by: Lee Trett
Published 6 June 2020
About the scheme
Shared Ownership - Wales helps those who are unable the full purchase price of a home through savings and a mortgage.
The scheme allows you to own a percentage of the property, ranging from 25%-75% of the total value, and pay rent on the remaining share. You are able to increase your share in the property over time - known as 'staircasing'.
Eligibility and conditions
- You must take out a repayment mortgage.
- The property must be from a participating landlord
- Your annual household income must not exceed £60,000.
- You must not own any other property, or if you do, have experienced a change in circumstances.
- You are unable to afford a suitably sized property on the open market.
- Renting the property is not permitted.
More information
Our team of experienced advisors have helped many people to secure the best deal possible on their Shared Ownership mortgage, complete our simple online form today to get started!
More information can be found on the Welsh Government website.
