New build shared ownership properties are available across East Cambridgeshire. If you are eligible, you can contact the housing association or the developer selling the shared ownership homes.
Check if you are eligible and how to apply at GOV.UK
Shared ownership
If you want to purchase a home of your own, but can't afford to buy on the open market, shared ownership could be your way onto the property ladder.
Shared ownership is a part-buy, part-rent scheme that allows you to buy a share of your home and pay a reduced rent for the remaining part. Most housing associations offer you the chance to buy an initial share of a home worth between 10% and 75% of its market value.
You can take out a mortgage to buy your share or pay for it with savings. You’ll also need to pay a deposit, usually between 5% and 10% of the share you are buying.
You can buy more shares in your home in the future. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent. The amount of rent you pay will be based on the landlord’s share.
Community Land Trusts
Community Land Trusts are not-for-profit organisations which exist throughout East Cambridgeshire. Often their focus is to develop genuinely affordable homes to meet local housing need.
Find out more about Community Land Trusts.
£100k Homes in East Cambridgeshire
£100k Homes are new-build, 100% owned, one-bedroom properties, available to buy at a discounted market rate of £100,000. They are aimed at giving people who live or work in East Cambridgeshire a genuinely affordable step on the housing ladder, while enabling them to live close to where they work.
The leaflets on this page gives you further information about the scheme.
If you have any queries about the £100k Homes Scheme, please email 100khomes@eastcambs.gov.uk or telephone 01353 665555.