Shared ownership changes could help 175,000 on to housing ladder

Changes to the shared ownership rules could help an extra 175,000 people on to the housing ladder, according to the government.

Shared ownership allows people to ease their way into the property market by purchasing a share in their home rather than having to pay the full amount. They only have to a find a deposit of 5% of the price of the share they are buying.

They then pay rent on the part they don’t own but can increase their stake over the years if they so wish.

The scheme has been available since the 1980s but has been restricted by local councils dictating who should be a priority based on a wide of range of factors from salary to profession, to where the buyer comes from.

Under new measures that came into effect in April, the scheme is now available to people of any occupation. Income caps have also been raised to £90,000 in London and £80,000 throughout the rest of the country.

The government has provided the following table of how the scheme could apply in different regions.



Property type

Typical shared ownership price

25% share

5% deposit on 25% share

North East

3 bed house




North West

3 bed house




Yorkshire & Humber

2 bed house




East Midlands

2 bed house




West Midlands

2 bed house




East of England

2 bed house





1 bed flat




South East

2 bed flat




South West

2 bed house





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