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
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

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.

 

Download our free Guide to Shared Ownership now
 

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 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

CHECK YOUR

ELIGIBILITY

Discover if you're eligible for Shared Ownership 

Visit Help to Buy Midlands

Visit Help to Buy Cheshire

 Hannah's blog

Hannah's Story

Shared Ownership helped Hannah get her independence when she was 19 years old.

Read Hannah's Story

Am I able to buy more shares of my home?

With Shared Ownership, you can buy more shares of your when you are ready, this is also known as 'staircasing'. With Cerris Homes you can staircase a minimum of 10% at a time, right up to 100% ownership. When you have purchased more shares your rent wit decrease. If you want more information on staircasing contact us, or take a look at our guide to staircasing.

 

Download our free Guide to Staircasing now

Can I sell my Shared Ownership home?

When you are ready to move out of your Shared Ownership home, we want to help and make the process as easy as possible, by talking you through the steps you’ll need to take to move on to your next dream home. For more information take a look at our guide to re-selling your home.

 

Download our free Guide to Re-Selling you home

stress free move

Tips for a stress-free move

Moving home shouldn't be stressful, check out our top tips for a stress-free move.

Read more

Our guides to Shared Ownership

We want to make sure you know everything about Shared Ownership, whether you're looking to buy a home, buying more shares or want to sell your home. Check out our digital guides to learn more about Shared Ownership.

 

Guide to Shared ownership     Guide to selling your shared ownership home     Buying more shares