Shared Ownership has been helping people become homeowners for over 30 years. It works by allowing you to buy a share in a property, usually between 25% and 75%* and pay rent on the remaining share.
You are the homeowner and Curo own the rented share. Meaning you buy a bit and rent a bit.
Shared Ownership purchasers can be first-time buyers who can’t afford a home on the open market. As well as anyone who is either in the process of selling their home or used to own a home but can no longer afford one on the open market.
Don’t worry about not owning the home outright, with most homes you will have the option to buy additional shares in your property up to 100% ownership, as and when you can afford to do so, in small minimum increments of 10%**. This is a process called staircasing.
*Scheme and property dependant
**Some of our leases require further shares to be purchased in minimum increments of 25%. This will be clearly stipulated in your lease.