Shared ownership is part-buy, part-rent schemes that give first time buyers who live or work in Wandsworth the opportunity to own a share in a new build or resales property. The applicant typically uses a mortgage to fund the share they have bought and pays rent on the remaining share to the housing provider.
As the purchaser only needs the mortgage for the share they are buying, they need to raise a smaller deposit than if they were purchasing a house outright.
Additional shares can be bought while you live in the property - a process known as 'staircasing'. It's possible to staircase all the way to owning the entire property.
Sign up to the home ownership register
If you want access shared ownership in the borough, register with us by filling out an application form and posting it to back us.
Once your form has been successfully processed, we will send you an eligibility letter and registration number.
People on the register are contacted when housing providers request list of suitable, eligible buyers during the process of buying a shared ownership property.
It is important you keep us up-to-date with any income changes as it could increase your nomination eligibility. You can see how much you borrow using a mortgage calculator.
We are experiencing a high number of applications. We will try to process applications within ten days but there may be some delays.