Buy your home one step at a time Shared ownership means you can start to buy your home now - even if you can't afford it all in one go.
You buy a share in your home - anything from 25% to 75% - and pay a modest rent on the remaining share. This allows you to choose a mortgage amount that's affordable. When your financial circumstances change you can increase your share until you own your home outright.
Shared ownership is available to people who have a household income of less than £60,000 year and do not own another property.
Properties in Scotland operate under a different shared ownership scheme where you can buy a 25% to 75% share in your home.
Places for People mortgage: buy with no deposit Our mortgage allows you to buy a property without necessarily needing to have a deposit. Numbers are limited and are available selectively on some of our newest developments around the country. This innovative offer is possible because we actually provide the mortgage ourselves. This means you can borrow up to 100% of the property's value - as long as we're happy that the mortgage repayments are affordable to you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Places for People Homes Limited is registered under the Industrial and Provident Societies Act 1965 No. 19447R, with the Tenant Services Authority No. L0659 and has a registered address of 80 Cheapside, London EC2V 6EE. It is authorised and regulated by the Financial Conduct Authority in respect of its consumer credit activities with firm reference No. 662607.
Making your dream home possible Buy with an equity loan and you could buy a more expensive home than you thought.
The equity loan gives you up to 30% of the total price of the house. For example, if we calculate that you can borrow £140,000 on your mortgage, you could also take an equity loan of £60,000 and be able to buy a property of up to £200,000.
Find out more about buying a home with us.
Mortgages are subject to status and to you satisfying our affordability criteria. They are available on a selected number of our properties. Legal costs and other fees will be payable.