Shared ownership schemes are a mix of buying and renting. You buy part of the property and pay rent for the rest to the Housing Association. Anyone is eligible for shared ownership providing household income is below £80,000 (£90,000 in London). Once you have bought your initial share you will have an option to buy more shares of your property at a later date, this is known as stair-casing. Your monthly payments will consist of a payment to the mortgage provider for the share you have bought, and a payment of rent to the landlord who owns the remaining share in the property.

Right to Buy most council tenants can buy their council home at a discount. You can apply to buy your home if you have lived there for more than 3 years and the property is your main home.