Shared Ownership - More information
How do I apply to buy an affordable home?
- To get your name added to the Council's Housing Register (waiting list) go to Devon Home Choice.
- If you are interested in a Shared Ownership property (affordable housing that is part rent and part buy) you can use the eligibility checker on GOV.UK - Eligibility to check if you are eligible to buy a home through Shared Ownership
You will need to find a provider that sells Shared Ownership Homes in the area you want to buy:
- Most provider details will be available on GOV.UK - Providers.
- Some provider details will not be available on GOV.UK (because their properties were not funded through a government funding programme) and their details will be updated soon.
You will need to search on each provider webpages to find properties of interest.
Providers will also advertise all available properties on at least at one of the following and therefore your search may include these websites:
- Zoopla or Rightmove
- Other UK property websites
- Estate agent websites
You will need to make an application to a provider if you are interested in one of their available homes.
How much money do I need to earn to buy a home through Shared Ownership?
- If you earn less than £15,000 per annum you are not likely to qualify - it depends on the area, and the property you want to buy.
- You can still register if you meet the other eligibility requirements.
- You may well need an annual income, which is much more than £15,000.
- A deposit and other costs, such as legal and survey fees will be needed.
- You also need to be able to afford ongoing costs of ownership, such as repairs and maintenance.
- If you earn more than £80,000 per annum you are not likely to be eligible.