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Shared ownership
What is shared ownership?
Shared ownership makes buying a home easier and more affordable. 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.
Why shared ownership?
Lower deposit
With shared ownership, you only need a mortgage for the share you're buying. That means you'll need a lower deposit, making it easier and more affordable to save!
Step on the ladder
With a lower deposit and mortgage it's easier to take a step on the property ladder, and you can buy the rest of the shares when you're ready!
Lower mortgage
Because you're only buying a share of the property, the amount you need a mortgage for will be lower. Not only does that mean a lower deposit, but it makes mortgages easier to access!
It's still yours!
You own a bit and rent a bit, but it's still your property to personalise and decorate! If you do want to make any major alterations, our friendly and experienced team can help you find out if it's possible.
What can I buy?
As shared ownership specialists and boutique developers, we have a wide range of properties that you can buy through shared ownership! From stylish city centre apartments to your perfect family home, enjoy modern specification and beautiful locations when you take your first step on the property ladder.
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. Contact the Redwing sales team to find out if you're eligible for shared ownership.