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How It's Funded

This is how Shared Ownership Homes is funded


The service provided by Shared Ownership Homes is free for people who have a disability and who want to buy a home of their own.

The entire cost of the service, including the administration and staff costs, valuation and legal fees in connection with the mortgage together with the legal fees and disbursements associated with the purchase of the property, is funded from contributions received from the Social Care Purchaser or Commissioner, the Housing Association and the Lender.

Social Care Purchasers are required to pay £1,500 per person. In the case of a joint purchase, this fee is payable in respect of each applicant, as it's necessary for each applicant to be properly assessed for suitability to move home. This sum funds all the work we carry out with the individual from the initial assessment right through to seeing them fully settled and happy in their new home. It includes the liaison with their care manager, their family, legal representatives and where necessary, the Court of Protection. It may be appropriate for this cost to be re-charged in some circumstances.

Housing Associations (or other Property Providers) are required to pay £3,500 per property transaction. This sum funds all the work we carry out in respect of the property purchase, including liaison with the key parties involved such as estate agents, valuers, mortgage advisers, lenders and conveyancers. It covers all the associated fees and disbursements levied by any of the parties.

Both the above fees are payable up-front, ahead of when the mortgage application is submitted to the lender. However, if the transaction does not complete for any reason, all fees paid by the Social Care Purchaser and the Housing Association (or other Property Provider) are refunded in full.


Housing Associations

Care & Support Providers

Care Managers, Navigators & Commissioners

Shared Ownership Homes is a social enterprise, working exclusively to help disabled people become owners of their own home.
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