Shared ownership

The affordable way to own all or part of a new home

Right now Helena Living is building new homes across St Helens. Some will be for rent and some for sale. But we’re also offering people the chance to get a foot on the property ladder through our Shared Ownership scheme.

Backed by the government, shared ownership lets you buy a share in a Helena Living new-build property – usually between 50 and 75 per cent. If your circumstances change you can increase the value of your share – up to 100 per cent if you like. You pay a reduced rent on any share we still own.

It’s just like buying any other house – so you’ll still have to organise a mortgage, and pay legal fees and stamp duty (currently payable on properties worth over £175,000). But instead of buying the whole house, you buy a share.

If you want to sell you must offer us the chance to buy your share back first. If we decide not to, you can sell your share on the open market.

Who is shared ownership open to?

The scheme is open to first time buyers and those who can’t afford to buy a property outright on the open market and to people living or working in St Helens or those who are housing association or Council tenants.

To find out more about Shared Ownership, and the Helena Living properties available, call us on (01744) 671555. One of our advisors will be happy to talk through your options and help you work out the costs.