What is part rent, part buy?

The part rent, part buy scheme (also known as shared ownership or New Build HomeBuy) is exactly what the name suggests, you buy part of the property and rent the other part from a Registered Social Landlord at a reduced rental price.

Low cost home ownership is an initiative to help people who cannot afford to purchase a home outright to get their foot on the property ladder.

The monthly cost of owning your own property with this scheme usually works out very similar to what most people pay for their monthly rent, and in some cases even less.

Normally you can purchase 40 percent to 50 percent of the property and pay a reduced rent on the remaining equity.

Buying a shared ownership home?

If you would like to buy a home of your own but can't quite afford it, a part rent, part buy property may be just what you are looking for.

How much will buying a shared ownership home cost me?

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Buying a part rent, part buy property