Shared Ownership Eligibility

Shared Ownership Eligibility

Shared Ownership is a great way to get onto the property ladder and has been designed as an affordable way to buy your home. It allows buyers to purchase a share of a home and pay subsidised rent on the remaining share. 

Due to the fact that buyers only own a portion of the home, and not the full property, Shared Ownership is typically cheaper than renting or buying a property outright. 

So, how do you know if you are eligible? While each applicant is assessed individually, we’ve outlined four key points around eligibility below.


Your household income is between £20,000 and £90,000 (£80,000 outside of London) The deposit for a Shared Ownership home is generally between 5-10% of the equity share that you are purchasing. We recommend that you speak to an independent financial advisor about suitable mortgages.


Preferential treatment is generally given to applicants that live or work within the area in which they’d like to purchase a property. However, each of our developments has a different criteria, so it’s worth checking with us before you apply. 

Existing Home Owners

If you’ve purchased a property in the past, it doesn’t make you exempt in applying for a Shared Ownership property. We consider applications from previous homeowners; however, you will need to have sold your home or have it on the market to be eligible. 

Joint Ownership 
You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don’t exceed the maximum earnings bracket. To find out more about Joint Ownership, you can check out our previous article here


While it seems like there are a few hurdles, we’re confident that we can match you with a property. To find out more, simply email our sales team on


Are you looking for a stylish and modern home in London or the South East?


Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale through Shared Ownership in London and the South East.


If you're a first-time buyer and interested in purchasing a Shared Ownership property, click on this link to take a look at our latest developments.