Shared ownership

Shared ownership is a form of low cost home ownership and offers a route into owner occupation for those who would not normally be able to afford their own home outright

Shared ownership overview

  • the council has an interest in a number of shared ownership properties, most of which were originally built by the Development Corporation. The majority of the properties are houses but there are a number of flats and bungalows.
  • by buying a share in the property, the purchaser may pay a mortgage on the purchased share and will pay a rent on the unsold share of the property.
  • as part of your decision to buy your home, you need to consider the charges we make towards the upkeep of the local estate or block you live in.
  • a shared owner may buy more shares in their property, which is called staircasing, and eventually can own their home outright.
  • shared owners are bound by the conditions of their lease.
Housing - Home Ownership Team

Home Ownership Team - contact information

Civic, 1 Saxon Gate East, Milton Keynes MK9 3EJ