Right to Shared Ownership
Buy a share of your rented home
Since 2023, some of our properties have been built with ‘Right to Shared Ownership’ (RtSO). This ‘right’ is linked to the type of grant funding used to build them.
RtSO means there is an opportunity to buy part of that home and become a shared owner on the new Shared Ownership scheme.
This new scheme has benefits that include letting shared owners buy a smaller share of their home (10%), staircase as little as 1% for the first 15 years, and claim back some repairs costs if you live in the property for the first ten years of its life. Find out more about the scheme on Sovereign Living.
Buying a share of your rented home
You’ll be told if your property has RtSO when you move in – please note, RtSO is linked to the property, not your tenancy, so if you move, you won’t take the ‘right’ with you.
If you want to take advantage of your property’s RtSO, you need to:
- be living in the property with RtSO for at least 12 months, and have it as your only home
- have been on an assured tenancy for three consecutive years (which can include the 12 months in your RtSO home) with any social landlord
- meet the criteria to purchase a share of your home.
You’ll need to consider carefully if becoming a shared owner is the right thing for you – there isn’t a specific route back to being a social-rented tenant. Please read the government’s detailed guide on The Right to Shared Ownership [pdf, 160KB] 
for more information.
For more information on Right to Shared Ownership, please contact us: