Help to Buy on shared ownership
Help to Buy is a government scheme that provides a range of options designed to make it more affordable for you to buy a home.
We believe that everyone should have the right to own their own home. You can apply for one of our shared ownership properties through the government’s Help to Buy scheme, which makes home-ownership affordable for a greater number of people.
You can access Help to Buy on shared ownership – the scheme has a number of useful guides to help you through the application process. You will also find stories from people who already enjoy shared ownership.
Calculate your mortgage
Our mortgage calculator will help you understand the monthly mortgage and rent payments for one of our shared ownership properties.
In order to get an example of the payments, you will need to know:
- The price of the property you are considering
- The share of the property you are looking to purchase
- The interest rate for the mortgage
- How long you will pay the mortgage for
Once you have calculated your payments, you can share the results by email.
Frequently asked questions
For shared ownership properties, the rent charge covers the remaining share of the property that Johnnie Johnson Housing owns. Some shared ownership properties may include a service charge or annual charge that covers communal gardening and maintenance. However, the homeowner is usually responsible for all repairs to their individual property; the service charge covers only communal areas.
A minimum age restriction may apply for some shared ownership properties. You can check the property details for more information on who can apply and you will be advised of any restrictions on application.
At Johnnie Johnson Housing we have a clear Equality and Diversity policy. We welcome applications from anyone regardless of age, gender, religious beliefs, ethnic or national origin, sexual orientation, marital status, physical characteristics or disability.
Buying a shared ownership property can be a more affordable option because you are only purchasing a share of your home instead of paying for the full value of the property. Shared ownership can be a great way to get on the property ladder sooner or downsize at a time that is right for you. By choosing shared ownership, you benefit from lower upfront costs, making your money go further.
Shared ownership is a type of home ownership where you own a share of your home while paying rent on the rest. With shared ownership, you can purchase a percentage share of the property, these shares are normally purchased at 25%, 50% or 75%, with the possibility of purchasing 100% of the property later. Johnnie Johnson Housing owns the remaining share of the property and you pay a rent charge based on the percentage share that Johnnie Johnson Housing owns.
Yes, with shared ownership you can choose to purchase 100% of the property later. However, the lease for some properties may restrict when you can purchase the remaining share of your property.