West Berkshire Council

Shared Ownership

For the part rent/part buy and Help to Buy scheme

There are many different types of shared ownership schemes, but the main one in West Berkshire is to part rent/part buy through a housing association.

'Shared ownership', sometimes referred to as 'part rent/part buy', allows you buy a share in a property owned by a housing association.

The housing association then charge you rent for the share that they own, and you pay a mortgage on the share that you own to your bank or building society.

The minimum share that most housing associations offer for sale is 25 percent, but you can purchase a larger share up to a maximum of 100 percent at a later date.

To apply for shared ownership you need to do three things:

  1. Contact the housing association that's developing shared ownership properties on the site you're interested in
  2. Contact Help to Buy South to discuss the Help to Buy scheme 
  3. Apply to the Common Housing Register

Radian is the newly appointed Help to Buy agent for the South of England.

If you need help raising a deposit, you can find out more information about the First Step, Next Step Scheme online.