Can anybody buy a shared ownership property?
Shared ownership is open to anyone, although priority is given to existing tenants of RSLs (Registered Social Landlords), councils, or those on local authority or RSL waiting lists. Key workers eligible for the Key Worker Living programme may buy newly built properties on a shared ownership basis. Purchasers need to demonstrate that they can comfortably afford the mortgage, rent and all associated costs of home ownership. They need to be able to raise a mortgage from a lender or have sufficient savings to cover the cost of the share they are buying.
