Shared Ownership Eligibility

Who can buy through Shared Ownership?

Shared Ownership eligibility will depend on the specific property you are looking at purchasing, there may be restrictions such as a local authority connection requirement in order to qualify.

However there's a general criteria that you will be required to meet, including:

Have a maximum annual household income of up to £80,000

You must have a minimum of 5% deposit

Unable to purchase a home suitable for your needs on the open market.


Local Connection Requirements

When buying a home through Platform Home Ownership there may be local connection requirements, we'll always tell you if the home you are interested in does require a local connection.

Local Connection Requirements

Can't afford to buy outright?

If you're financially unable to purchase a home outright, you can apply to buy through the Shared Ownership Scheme.

We may also be able to help if you are looking to move due a change in personal circumstance change, such as for work, or a relationship breakdown.

Some of our properties may require you to have a local connection to the area, so look out for information on our developments to see if this applies to the property you are interested in.


Want to know more about Shared Ownership?

Find out if Shared Ownership is the right choice for you with our latest guide.

Download Guide

Frequently asked Shared Ownership Questions

  • Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

    We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

    In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

    You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

  • There's 10 key steps to buying a home with us, and our aim at Platform is to make the buying process run as smoothly as possible for you, we outline the full process when buying through Shared Ownership here.

    Our team are here to help you every step of the way.

  • Shared owners still have to pay many of the usual costs involved in buying a home.

    Reservation fee

    We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

    Mortgage deposit and fees

    Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

    Legal fees

    Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

    After you've moved in

    You also need to budget for the ongoing costs of owning a home.

    Mortgage repayments

    You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.


    You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

    Service charges

    You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

    Household bills

    These include your council tax and utility bills for water, gas and electricity.


    We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

    Home contents insurance

    We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

  • On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

    This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

    These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

    The local connection criteria can vary between different developments, but is usually based on the following:

    • applicant was born in the area and has lived there for a number of years
    • applicant has permanently lived in the area for a number of years
    • applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing
    • applicant has been permanently employed in the area for a number of years
    • The number of years is usually between 2 and 5, although this differs by local authority

    Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

    If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email

  • Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

    Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.