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Conveyancing — Buying and Selling Residential Property

Shared Ownership —  a guide

Priority is given to key workers, existing council/ housing association tenants and those registered for housing with the council. Most shared owners are first time buyers.  The size of the share purchased is usually 50% although smaller or larger shares may be available. Shared owners pay a monthly rent to the Housing Association for the share they were unable to purchase.

In addition, there will normally be a service charge to cover items such as buildings insurance, management and cleaning of any common areas.

  • Key workers

      Examples of key workers are:

      • Clinical National Health Service (NHS) staff (with the exception of doctors and dentists)
      • Teachers and nursery nurses in schools and further education/sixth form colleges
      • Police officers, Community Support Officers (CSO) and some civilian police staff
      • Prison officers and some other staff 
      • Probation Service staff
      • Social workers, nursery nurses, educational psychologists, and therapists (e.g. occupational therapists) employed by local authorities, Children and Family Court Advisory and Support Service (CAFCASS) or the NHS
      • Local Authority Planners and Environment Health Practitioners
      • Firefighters and other uniformed staff below principal level in Fire and Rescue Services
      • Connexions Personal Advisors employed by a local authority or a Connexions Partnership
      • Ministry of Defence (certain personnel) 
      • Highways Agency Traffic Officer staff in safety critical roles within the Traffic Officer Service.

  • Housing Associations

      For detailed  information about Shared Ownership Schemes contact a local Housing Association.  In the Bromley area these are:

      • Broomleigh Housing Association
      • Hyde Housing Association
      • Kelsey Housing Association
      • Penge Churches Housing Association Ltd
      • Keniston Housing
      • Tower Homes Ltd

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