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Shared Ownership

Shared ownership is when someone purchases a share of a property (usually between 25% and 75%) and pays rent to the housing association which owns the remaining share. Some shared ownership schemes allow buyers to buy additional shares in the property over time so they can end up owning the property - this is known as staircasing. Contact the housing associations to find out about available properties or go to the Help to Buy North West  website for information about the scheme and properties.

Shared ownership properties in Allerdale

On some Shared Ownership schemes, Allerdale Borough Council must certify potential buyers as eligble to purchase. These properties form part of the Affordable Housing Scheme. To read the Affordable Housing Scheme and Shared Ownership policy documents, please go to the Housing Policies and Strategies page.

For more information about affordable housing in Allerdale, contact us on 0303 123 1702 or e-mail housing.developmentteam@allerdale.gov.uk