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You buy a share of a property, which can be between 25% and
75%, and pay a reduced rent on the share you do not
own.
Click on a link below for more information on the Shared
Ownership scheme -
- Who qualifies?
- How does the scheme work?
- What type of properties are sold on the scheme, and where are they?
- How can I get more information / an application form?
Who qualifies?
First time buyers (or people who have not owned a property for
at least the last two years), who qualify as one of our priority
categories.
Westminster priority categories include -
- Westminster City Council tenants
- some housing association tenants living in Westminster
- some Westminster Housing Register applicants
- people who have been living in Westminster for at least the last two years.
Homeownership Westminster is a City Council service which
keeps a register of eligible residents interested in being
nominated to Shared Ownership properties which become
available.
Homeownership Westminster nominate people from its Home
Ownership Register to buy the properties, based on a minimum income
requirement. This will vary, depending on the price of each
property.
Our partner housing associations (mainly Dominion, Notting
Hill, Peabody, Stadium and Sutherland) send out information about
the properties and arrange viewings. They offer the
properties to people on the Homeownership Westminster
Register with the highest priority.
The housing associations sell you a share of the property, and
own the share you do not buy.
Most of the properties are flats and maisonettes in new
developments or converted buildings in Westminster.
Homeownership Westminster sometimes nominate people for
properties in other parts of London, and with other housing
associations. The service also nominates people to buy
existing shared ownership properties, where the owner wants to sell
on. You can buy the share that they own, or you may be able
to buy a larger share.
For more information about Shared Ownership and to download or
be sent an application form to join the Homeownership Register,
please contact:
Homeownership Westminster
Tel: 0845 437 9701
Or visit Homeownership Westminster to download an
application form.