Older Person’s Shared Ownership

Older Person’s Shared Ownership is a government-backed scheme which helps people aged 55 or over to buy any home that’s for sale on a shared ownership basis.

  • How it works

    You purchase a share in your new home, usually with a mortgage, and pay affordable rent back to Winchester City Council for the share you don’t own. The starting share can be anything from 25% - 75%. Over time, you can buy more shares in your home until you own a maximum of 75%. Once you own 75% you won’t have to pay rent on the remaining share.

  • The type of home

    The homes are newly built in partnership with Winchester City Council.

  • Who is eligible
    • This must be the only home you own, here or abroad
    • Your household must earn £80,000 a year or less
    • You could be a first time buyer, or someone who used to own a home but can’t afford one now or you might be an existing shared ownership owner who would like to move
    • You are likely to be a Winchester District resident already
    • You might need a family local connection to Winchester