In this guide

2. Eligibility

To be eligible for the Shared Ownership – Wales scheme, you must:

  • be buying a share in an eligible home from a participating landlord
  • have a combined household income of £60,000 or less each year
  • be a first time buyer or:
    • be a newly forming household; for example, starting again after a relationship break-up, or
    • be relocating for work purposes to an area where property prices do not allow you to buy a home suitable for your family size.
  • not currently own another home, unless a court order forces you to remain on the deeds of a property where your children live. 
  • be unable to afford to buy a property suitable for their family size on the open market
  • not sub-let any part of the home being bought through the scheme
  • must be financially able to buy the minimum share available, pass the financial assessment and secure a mortgage

Not sure if this is for you?

Use our scheme finder to find out which other home ownership schemes you may be eligible for.