East Suffolk Council
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.
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.