Older peoples shared ownership
If you are over 55, you may be eligible for older peoples shared ownership.
This scheme recognises that as people age their housing needs change. It can become more difficult to access a mortgage. Some people may have equity in their current home and may be looking to downsize.
Older peoples shared ownership works in a similar way to shared ownership, where you can purchase a small amount and increase this as you feel you can. However, the maximum amount is capped at 75% so you will not own your home outright.
However at the point of 75%, you will not be required to pay rent on the share you do not own.