Shared ownership is a low cost option if you can’t afford to buy a home outright. These are sold by an Affordable Housing Provider (housing association) by the Help to Buy Agent.
You buy part of your home, usually between 25% and 75% of the property’s value and pay an affordable rent on the remaining share. You can then later buy the property in full. If you do, you would be responsible for paying a property valuation, legal fees and the property’s maintenance and upkeep.