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Home > Housing > Shared Ownership

Shared Ownership

Shared ownership is a brilliant way of getting onto the property ladder for those who may struggle to get onto the property ladder. Here at East Suffolk Council we have a small number of Shared Ownership properties, however we plan to build more in the future.

  • More information on Shared Ownership - an affordable way to buy a home

To be eligible you need to have:

  • a household income lower than £80,000
  • a minimum of 5% deposit
  • approval by the Help to Buy Scheme
  • to not own or have a mortgage on any other property
  • to be unable to afford to purchase a home on the open market

To apply for Shared Ownership you must register with Help to Buy.

Useful information if you already have a Shared Ownership property with East Suffolk Council

  • Shared Ownership Handbook
  • Buying more shares in the property (known as Staircasing)
  • Sell your lease or assign it to someone else

If you have further queries please contact our Customer Services team.

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