Shared Ownership allows you to buy a share in a new home, ranging from 25% to 75%, depending on what you can afford.
You can buy your home with Shared Ownership if your household earns £80,000 a year or less or you’re a first-time buyer (or existing shared owner moving to another shared ownership home)
Buying a share in a Plus Dane property means you need to get a smaller mortgage to buy the property, and will also need a smaller deposit. It’s a great way to get your foot on the property ladder and you can also increase your share over time – known as staircasing.
You may also have to pay a service charge if, for example, the property is a flat with a communal area.
As a home owner, you will be responsible for the maintenance and repairs on your home. If you live in an apartment, we will be responsible for the communal areas.
Plus Dane is the Help to Buy Agent for the whole of the North West region. As Help to Buy North West we process and manage all the Shared Ownership applications for the North West area and have a dedicated website where you can find out more information about the scheme.
You can also search for Plus Dane homes in your area on the website and apply online to see if you are eligible.