Shared ownership is a home ownership scheme that gives you the option of buying a share in a property – usually between 25% and 75% – and then paying rent on the remaining share.

The mortgage for your share of your home will be smaller than if you were buying the whole property. So, you don’t have to find a big deposit upfront, and it can be easier for you to get onto the property ladder.

As and when you are ready, you can buy more shares until you own 100% of your home. As the share you own increases, the rent will decrease. And, if you decide to buy your home outright, then you won’t have to pay any rent.

We currently manage about 350 shared ownership properties across Sheffield, Rotherham, Barnsley, Chesterfield and Selby.

Eligibility

You can buy a home through our shared ownership scheme if you are over 18 and one of the following apply:

  • Your household earns £80,000 a year or less
  • You’re a first-time buyer
  • You used to own a home, but can’t afford to outright buy one now
  • You are an existing shared owner

Our latest shared ownership homes

We’re working in partnership with Rother Living on The Bellows.

The Bellows is a new development in the heart of Rawmarsh. It is a collection of two and three bedroom semi-detached houses, and on the site we have 30 shared ownership homes.

Find out more about The Bellows from Crucible Sales and Lettings