Shared ownership

Shared Ownership

 

What is shared ownership?

At Redwing, we’re shared ownership experts. We’ve even won awards for our shared ownership sales process!  Buying your first home through shared ownership is easy, and we’re here to help you each step of the way.   We know that it can be hard trying to save a deposit and get that all important mortgage to buy your first home. Shared ownership is designed to help you get onto the property ladder, with less mortgage needed – and a smaller deposit!

You’ll purchase a share of your new home, usually between 25 and 75%.   That’s yours to own!   We own the rest of the home, and you’ll pay a small rent for it.   When you’re ready, you can talk to us about staircasing – that’s when you purchase more shares, right up to 100%. You don’t have to staircase either, we can help you sell your share at any time if you want to move on.

Shared ownership is a fantastic choice for first time buyers, but it works for others too!  You might have had a change in circumstances such as a change in your relationship or be looking to downsize.

 

Am I eligible?

Am I eligible?

Shared ownership is a great way of getting onto the property ladder. As an affordable product, however, we need to make sure our shared ownership homes are helping the right people. We have a simple criteria for eligibility, so you can find out if shared ownership is available for you.

 

Find out more

Staircasing

Staircasing

Shared ownership is a great way of getting onto the property ladder. As an affordable product, however, we need to make sure our shared ownership homes are helping the right people. We have a simple criteria for eligibility, so you can find out if shared ownership is available for you.

 

Find out more