What is Shared Ownership?
Also known as part buy/part rent, Shared Ownership is when you own a percentage of a property (e.g. 25%, 50% or 75%) and pay rent on the un-owned share, usually to a social landlord.
The scheme is designed to help first time buyers, who would not be able to buy outright on the open market.
You will have the same rights and responsibilities as a full owner-occupier, however you will be classed a leaseholder and we will be your landlord. Leases for new properties are normally granted for a term of 99 years, though this will be less on resale properties. Please check the lease before purchasing.
Shared ownership with BCHG
We have a number of shared ownership homes available throughout the Black Country and Birmingham.
You can view them here: BCHG Shared Ownership Homes
Interested in finding out more?
For further information about shared ownership at BCHG, contact the Lettings team on firstname.lastname@example.org or ring 0121 289 3956 and ask for Sharon Butler or Thomas Foxall, who will be able to help you.