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Shared Ownership

Shared Ownership

Shared ownership is designed to help people who want to get on the housing ladder, but who may not be in a position to buy a home outright.

Shared Ownership allows you to buy a share in a property (between 25% and 75% of the homes value) using a mortgage and any savings you might have built up as a deposit. You would then pay rent on the remaining share.

As the provider of the home, Rykneld Homes Limited continue to own the share of the home that you haven’t bought (freehold title). You will hold the leasehold title. On the share you don’t own you will pay reduced rent to us.

In time you can choose to increase the share you own, and in most circumstances buy the home outright.

What to do next

All new applicants must be initially assessed for eligibility for the scheme by the local Help to Buy agent.

To apply online visit www.helptobuymidlands.co.uk/ or phone 03458 50 20 50 select option 2 and ask for an application form. When you receive your letter of approval you can contact the Shared Ownership Shop on 0330 11 33 700 to register your interest.

If you'd like to find out more about our shared ownership house prices and the properties for sale at the moment, please contact the Shared Ownership Shop.

Get in touch

Complete our online form

Call: 01246 217670

Email: contactus@
rykneldhomes.org.uk
 

Visit your local Area Office

Write to: Rykneld Homes Ltd, Pioneer House, Mill Lane, Wingerworth, Chesterfield
S42 6NG

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