What is Shared Ownership?

A branch of the Help to Buy scheme, Shared Ownership offers an affordable route to homeownership if you cannot afford to buy a home outright.

It allows you to buy a share in a brand new house on a part buy/part rent basis and pay a subsidised rent on the remaining share.You are able to buy between 25 per cent and 75 per cent of your new home, buying more as and when you can afford it.

Cerris Homes works with major developers such as Taylor Wimpey, Bovis and Miller Homes, amongst others, to bring those who live in Staffordshire and Cheshire affordable two, three, and four-bedroom homes.

The scheme has been designed to enable you to buy a property which you are able to afford.  The combined monthly mortgage and rent payments are often less than if you were to buy a home outright, or not much more than if you were renting.  Over time you will have the opportunity to buy a larger share in the property until you own it outright, this process is known as “staircasing”.  You can sell your share in the property at any time.

Burlington House CGI

Finding and then buying your new home doesn't have to be as hard as you think. We will help you every step of the way.

Find your new home

Colins story

An experience, inspired

Grandfather-of-five, Colin Black says his new shared ownership home has transformed his life

Read Colin's Story

Why should I buy a Shared Ownership home?

  • You own part of your home rather than paying rent on a property with no return
  • You'll only need to secure a mortgage for a percentage of the property price rather than the whole amount
  • You'll also need a much smaller deposit than if you were buying the property outright
  • Your combined monthly mortgage and rent payments of Shared Ownership tend to work out cheaper than if you were buying outright or privately renting

Am I eligible for Shared Ownership?

You can buy your home with Shared Ownership if you meet any of the following:

  • Your household earns £80,000 a year or less
  • You are a first-time buyer
  • You are an existing shared owner moving to another Shared Ownership home
  • If you're already a homeowner and want to buy with Shared Ownership, you'll need to have a buyer for your current property before applying



Discover if you're eligible for Shared Ownership 

Visit Help to Buy Midlands

Visit Help to Buy Cheshire