What is shared ownership?

Shared ownership allows you to purchase a share of a property and pay subsidised rent on the rest. The combined monthly costs of your rent and mortgage will normally be a lot less than buying a property on the open market – making ARRO an affordable and straightforward way to get a foot on the London property ladder.

Am I eligible?

  • You'll need a maximum yearly household income of £90,000
  • You'll need enough savings to cover your deposit (dependent on your mortgage and/or share of property).
  • You will need additional savings of £3,500 to cover legal fees and costs.
  • You must have sold or be about to complete on the sale of any existing property you may have.
  • If you own a property outright, you should have sold it before completing on a shared ownership property with us.
  • You must be a British/EU Citizen, or have indefinite leave to remain.
  • You may need to have a local connection to the property that you wish to buy, e.g. in some cases you may need to live or work in the Borough (we shall advise you on application).