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What is part buy/part rent?

We are able to offer new homes to own on a part-buy/part-rent basis.

Part-buy/part-rent options come in the form of a Government funded scheme called Shared Ownership that gives you the same rights and status as a homeowner.

This means that you purchase a mortgage for a percentage of your home and pay a subsidised rent on the remainder. The rent is paid to a Registered Provider, like Metropolitan.

Who can buy a part-buy/part-rent home?

Most first time buyers can apply to purchase a property through Shared Ownership, however priority will be given to:

  • Council and housing association tenants.
  • People on their local council's home ownership and/or rented housing waiting list.
  • Key workers, such as police officers, nurses, teachers and Ministry of Defence staff.

If you live with family or friends or in privately rented accommodation, you can still apply. Even if you have owned your own home before you may be able to buy through Shared Ownership if:

  • You owned a home with a partner and the relationship broke down.
  • You need to move because of job relocation.
  • You are an existing shared owner who needs to move and you meet all our qualifying criteria’s.

You can buy with up to four other people, but all applicants must fulfil eligibility criteria and live in the property.

For more detailed information please visit the eligibility criteria’s page.

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