How does Shared Ownership work?
Shared ownership is a Government backed home ownership buying option. It allows you buy a % of the home, and pay rent on the remaining % we (Prospa Homes) continue to own.
Typically this means a much smaller mortgage and deposit. You can buy more of your home at any stage, until you own 100% (if you wish to), leading to much greater flexibility in home ownership.
We also request that you complete your Help to Buy application and have received confirmation from one of the Sales Team at Prospa Homes that you are eligible for shared ownership first.