Group Home > Housing Services > Shared Ownership

Shared Ownership

Welcome to mhs homes’ Shared Ownership Scheme information for prospective home buyers. This page will give you an overview of our scheme and information to allow you to think about your interest in home ownership.

What is shared ownership?
It is a scheme that enables you to part buy and part rent a property. You have to pay an amount for the share that you buy and rent on the portion that you do not. The rent is initially charged at 3% of the value of the property that you have not brought.

When your circumstances allow, you will be able to buy more shares in the property, which is known as staircasing. The aim is that you will eventually buy all of the property. As you buy a greater share of the property the amount of rent you are required to pay reduces.

If you find that you need to move out of the property you must give mhs homes and the agents for the area the opportunity to find a buyer for you. If within the time scale shown in the lease a buyer for your share has not been found you are able to sell on the open market.

For more information see our shared ownership FAQ page.

For a brief guide to the sale process see our what to do next page.

If you are interested in purchasing through mhs homes’ scheme and would like further details please contact:
Diane Sauerbach
living
Broadside
Leviathan Way
Chatham
Kent ME4 4LL
Telephone 01634 354230
Email post@mhs.org.uk

Please note your home is at risk if you do not keep up the payments on your mortgage, rent and service charges on it.