Low cost home ownership

Read more about how low cost home ownership, or shared ownership, can help you begin to buy your own home.

Low cost home ownership (LCHO) is sometimes referred to as shared ownership (part-rent, part-buy) or shared equity. It offers those eligible the opportunity to purchase part of their home and begin building their own equity.

There are a number of schemes designed to help you buy an affordable home:

  • New Build HomeBuy (shared ownership)
  • Social HomeBuy
  • Rent to HomeBuy
  • HomeBuy Direct

These schemes are to help first time buyers, key workers and social housing tenants who would otherwise be unable to buy a home. They are open to households earning less than £60,000 a year.

Each region in England has a HomeBuy agent who will look at your application and tell you which options you are eligible for.