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
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 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.