Shared ownership
Shared ownership was introduced by the Government to help people who are unable to buy a home outright. You buy a share of your property while you continue to pay rent on the share you don’t own.
If you can afford it, you gradually buy more shares until eventually you own the property outright. The more shares you buy, the less rent you have to pay.
Rent is paid to a 'social landlord'. They are the owners of the property and should be registered with the Housing Corporation which provides social housing. Social landlords run businesses but do not trade for profit.
For further information about shared ownership in East Sussex, contact your local district council or select the link below for the area you want to live in:
