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Buy a home

Our award winning home ownership service helps people to buy a good quality home affordably.

We offer a range of home ownership options and services, but the main way we help customers buy first time is through shared ownership. Often referred to as ‘part-buy, part-rent’, because you buy a share in the full market value of the home and pay rent on the remainder, shared ownership is a great way to take your first step on the housing ladder.

You buy a share in a new or previously owned home (minimum 25% share up to a maximum 75% share) and pay us a subsidised rent on the share of the home we own (usually set at 2.75%) along with a service charge.

The monthly cost of shared ownership is less than the cost of buying the same home outright or renting it privately. Better still, you only pay a deposit on the share you buy, which means a smaller outlay to get that first step on the property ladder.

Buying a new home through shared ownership allows you to buy chain-free, you’ll benefit from a 10 or 12 year warranty, and new homes offer a great specification and better energy efficiency than older properties. You can buy further shares in your home, or the entire remaining share, as and when you can afford to.

Find out more about how we can help you into home ownership at www.mho.co.uk.