What is Shared Ownership?

Shared ownership is a scheme that aims to help those who are unable to afford the cost of buying a property outright on the open market.

It is a part buy, part rent scheme, where you can buy a share in a new home, normally from 50%. You then pay a subsidised rent on the part you don't own to Worthing Homes. This will mean, as a guide, that the monthly payments of mortgage plus rent will be about 75% of a monthly mortgage on the whole property.

Read the Guide to Shared Ownership (73k pdf file)