What is Shared Ownership

Shared Ownership is a ‘stepping stone’ between renting and owning your home, enabling people who cannot afford to buy a suitable property on the open market, to purchase a property on a part buy part rent basis. It is an alternative to renting and full ownership.

The scheme is particularly suitable for people with a regular income who want to buy their own home but cannot afford to do so.

The purchaser usually purchases 50% of the value of the property and pays the rent on the part they do not own. The scheme enables people to buy a home in stages with an option to buy more shares later on.

The total monthly costs of the rent and mortgage are lower than the cost of a mortgage needed to buy the same property on the open market.

The applicant will be assessed for affordability and eligibility to see if they qualify for shared ownership.

Sales office open daily 9.00am – 5.00pm

Call our hotline on 01935 404500 or email us direct on corporate@yarlingtonhomes.co.uk for an appointment to view.

Price of property and weekly rent will be confirmed at the time of purchase. In addition to the capital cost of 50% share of the dwelling there is a rental and service charge payable to Yarlington Housing Group. The rent and service charge will increase annually.

To register your application with Zone Agent 'South West Homes', simply complete an online application form at www.southwesthomes.org.uk. You can telephone their customer service team on 0300 100 0021 to request a copy or alternatively email info@southwesthomes.org.uk

When your application has been processed you will receive confirmation from Home2Own who will provide you with a reference number which should be included on your application form.

Please note that Yarlington Homes only offers newbuild HomeBuy (Shared Ownership)