Tenant's right to
Shared Ownership

A Right to Shared Ownership is available on rental homes delivered through the new Affordable Homes Programme, giving tenants the right to purchase their home through the Shared Ownership scheme.

The Right to Shared Ownership probably applies to your home if it was built with grant funding from the government’s Affordable Homes Programme 2021-2026* and it is being let to you at a Social Rent or Affordable Rent.

Please note that there will be certain criteria that tenants need to meet to be eligible:

• You’ll need to be a social tenant for at least three years and have lived in the current property for at least 12 months.
• You meet Shared Ownership criteria, including the income requirement (currently an annual gross household income of £80,000 or less outside of London, or £90,000 or less in London), and do not already own a property.
• You’ll need to demonstrate that you can afford and sustain homeownership; all prospective purchasers will be required to undertake an affordability assessment.
• Hold an un-demoted secure tenancy, an assured tenancy (including an assured shorthold tenancy), or a Localism Act fixed-term tenancy (either an assured shorthold tenancy or a flexible secure tenancy with a fixed-term of a minimum of 2 years). The type of tenancy you have should be clearly stated as part of your tenancy agreement. If you are unsure of what type of tenancy you hold, you should contact your landlord.
• You are not in rent arrears.
• You are not subject to legal proceedings (e.g. a notice of seeking possession has been served).
• You are not subject to a court order for possession of your home.
• You are not subject to legal proceedings on the grounds of anti-social behaviour.
• You are not subject to bankruptcy proceedings or unfulfilled credit arrangements.
• You are unable otherwise to purchase a home suitable to meet your housing needs on the open market.
• You satisfy immigration requirements.

There will be exceptions to property eligibility, similar to the Right to Acquire scheme:

• Homes in designated protected areas and on rural exemption sites.
• Specialist homes for older, disabled and vulnerable people.
• Alms houses or homes owned by a Community Land Trust or a co-operative housing association.
• Additionally, there may be “exceptional exemptions”. Further detail on all of the exceptions is awaited from the Government.

Further guidance can be found here

*This can be confirmed by the sales team. Please check with the sales team for guidance on property and applicant eligibility.