Intermediate rent and shared ownership

These options are ideal for local people who need an affordable home on a medium to long term basis. For those interested in shared ownership, this is an ideal way to get on the property ladder.

Intermediate rent schemes are ideal for people looking for medium to long term housing.

They are for people that are working and earning between £15,000-£50,000. Priority is given to key workers such as police officers, teachers, NHS workers. They are rented on an assured shorthold tenancy at below market rent. (For more information on key workers, please see our FAQ: 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. For more information, please download the Guide to Shared Ownership.

  • Published July 1 2010 //
  • Created by Suzanne Newman //