Shared Ownership

The size of the share to be purchased will depend on your income and savings. Normally a 50% share is purchased but it may be possible to buy a smaller or larger share (to start with it may be possible to buy as little as 25% or as much as 75%). The higher the share you purchase the less rent you will have to pay. 

You may also have to pay a service charge when you purchase through shared ownership, especially when you buy an apartment. Rent for the remaining share is payable to Trent & Dove Housing and is reviewed annually. The share you purchase is generally funded by a mortgage which you will need to arrange with a bank or building society. 

After one full years ownership you will qualify to buy further shares, up to the stage where full ownership is achieved, but you can remain a shared owner indefinitely if you want to. Please note that certain schemes do have restrictions on how much of the property you can own. We will be able to provide you details on these schemes.

When you purchase through shared ownership, Trent & Dove Housing will grant you a lease which sets out your rights and responsibilities.

If you have any particular questions or if you'd like more information about any of our shared ownership properties please contact us