Shared ownership is a form of low cost home ownership which allows households on modest incomes to get a ‘foot on the property ladder’.  The aim is to help people who cannot afford to buy a suitable home outright, to purchase a share in a property.  This share can be purchased through obtaining a mortgage from a bank or building society or from savings.

Depending on how much income applicants have, the initial share can be 25%, 50% or 75% with the Association owning the remainder.  An ‘occupancy charge’ is made to cover the remaining share of the property. 

If you can answer YES to all of the following five questions then we would like to hear from you.

1. Are you currently in employment and earning £1,500 or more per month?
2. Have you been working for over 6 months?
3. Do you have savings of at least £5,000?*
4. Have you been to see if you can get a mortgage or do you have capital to raise a share?
5. Will the home be your only residence?

*Mortgage lenders require a deposit which could range from 10% to 25% depending on your circumstances and the lenders policy. You should shop around for the best deal but you will need to have savings to pay for the deposit and legal fees for buying your property. Generally we recommend that you have approximately £5,000 in savings available.

How to apply

To apply for the following shared ownership vacancies you should download, complete and email this application form to ownership@grampianhousing.co.uk.

Click here to read the General Data Protection Regulation (GDPR) Privacy Notice for Sharing Owners.

Start your property seach here!

Click here to view current shared ownership vacancies

After the first year sharing owners can increase their share in 25% tranches and proceed to 100% ownership.  Occupancy Agreements are renewed every 20 years.  The home must be the applicant’s only residence and they must not own another home.  If the applicant does own another home, they are expected to sell this before purchasing a home under the scheme.  Sharing owners are responsible for all repairs and maintenance to the property.

For further information please contact the Sales & Leasing Team on 01224 202900 or email ownership@grampianhousing.co.uk.

Latest News

GHA Celebrates Eco Hero Win

Grampian Housing Association is celebrating its win of the Eco Hero award in the Northern Star Business Awards organised by Aberdeen & Grampian Chamber of Commerce.  The award was presented...

Read more

Scotlands Housing Minister officially op…

Grampian Housing Association is celebrating completion of three developments of new affordable homes, increasing its portfolio of properties for social rent throughout the North-east.   The developments were completed in partnership with...

Read more

Regulator publishes its plans to engage …

Grampian Housing Association Regulation Plan 2018/19

Read more

Help to Buy (Scotland) scheme extended

£100 million investment in scheme to assist home buyers. The Scottish Government has announced that the Help to Buy (Scotland) scheme will be extended beyond 2019, helping more people purchase a new-build...

Read more

Office Closure - Monday 7 May 2018

Our Aberdeen and Elgin offices will be closed on Monday 7 May 2018 for the Public Holiday.  Please call 0300 123 9279 to report an EMERGENCY REPAIR (e.g. significant leak or total loss...

Read more

Vice Chair achieves housing qualificatio…

The vice chairman of Grampian Housing Association has become the organisation’s first voluntary Board member to achieve a new qualification in housing.  Peter Kennedy, who is also one of the Association’s...

Read more

Mutual Exchange Policy

Following consultation with both tenants and current housing applicants in January, the proposed changes to the Mutual Exchange Policy were adopted, as of 26th January 2018. To see the full...

Read more

Christmas Office Closure (22/12/17 - 3/1…

This festive season our Aberdeen and Elgin offices will be closed as follows: From 1pm on Friday 22 December - Wednesday 3 January 2018 (9am: Aberdeen office / 10am: Elgin office) During this...

Read more

RGU student awarded David Young memorial…

A quantity surveying graduate of Robert Gordon University has been awarded an annual prize in memory of a former chairman of Grampian Housing Association.   James Valentine, who now lives and works...

Read more

Logos for IIP, Healthy Working Lives and Happy to Translate