Affordable home ownership in Mendip
Shared ownership and low-cost home ownership schemes are intended to help people who cannot afford to buy a home outright, either because they do not have enough money for a deposit or because they are unable to afford full mortgage repayments.
Most shared ownership schemes are set up and managed by Housing Associations.
Some schemes cater for the needs of first-time buyers, with priority for an offer of a shared ownership or low-cost home-ownership scheme often being given to Housing Association or local authority tenants.
Some schemes are only available on a local or regional basis. Some may prioritise a particular group of people such as key workers or members of the armed forces.
Own Your Home provides a useful on-line tool to assist potential home buyers to find an appropriate shared ownership or low-cost home in England, with links to sources of information on home ownership in the rest of the UK.