Depending on where you live, you may have the Right to Shared Ownership.
The Right to Shared Ownership means that you may have the opportunity to buy a share of your home (from 10% to 75%) on shared ownership terms.
This means you would:
- Buy a share of your home as a leaseholder. This usually involves taking out a mortgage
- Pay rent to Leeds Federated on the unowned share of your home
- Still be eligible for any relevant service charges and/or third-party management charges
The Right to Shared Ownership is linked to the home you live in, not the tenancy, so if you move house, this ‘right’ will not move with you.
Eligible Homes:
The Right to Shared Ownership scheme only applies to homes built with grant funding from the government’s Affordable Homes Programme 2021 to 2026 – you can get in touch with us to check.
Basic eligibility criteria:
- The home you’re applying with must be your only or main home
You must also:
- Be aged 18 or over
- Have lived in your home for at least 1 year
- Have been a tenant of social or affordable housing for at least 3 years
- Meet the specific Shared Ownership eligibility criteria
- Not be in rent arrears
- Not be subject to a court order for the possession of your home
- Not be subject to bankruptcy proceedings or unfulfilled credit arrangements
- Not be subject to legal proceedings e.g. a notice of seeking possession has been served
- Not be subject to legal proceedings on the grounds of anti-social behaviour
- Satisfy immigration requirements
Consider carefully whether becoming a shared owner is the right thing for you – there isn’t a specific route back to being a social-rented tenant.
You can find out more about who is eligible for shared ownership in our shared ownership guide:
