Craven District Council

Craven District Council

Help to Buy Schemes - Including Shared Ownership

This page provides more details on Intermediate forms of affordable housing, including Shared Ownership and how to qualify.

Help to Buy Schemes

Help to Buy is a government scheme that was first announced in the March 2013 Budget. It is designed to help anyone struggling to save a deposit for their first home or move up the property ladder as they have limited equity. There are currently three types of schemes available under Help to Buy:

Shared ownership

Shared ownership is designed for people who cannot afford to buy a house on the open market but still want to get on the property ladder.

An initial share is bought (usually 25% to 75%) and then rent is paid on the remaining part. There are two monthly payments, one for the mortgage and one for the rent.

However, these are still less than the mortgage would be on an open market property. The other share in your home is owned by a Registered Provider. It may be possible for you to increase or decrease the share you own in the future, known as staircasing.

When you want to sell your shared ownership property, usually you will simply sell the share you own. Unless your home is within a restricted village or rural area, it could be possible to buy 100% of your home outright so it becomes a traditional open market property.

The way in which to apply for a shared ownership property will vary depending on the scheme. It is advisable to register with the regional Help to Buy agents where you will able to search for properties available.

When a new housing scheme is developed that includes shared-ownership homes, the properties will be advertised on our Affordable Homes Available Soon web page. The individual property details for the properties advertised will tell you what the qualifications are needed to apply (for example whether you need to currently live or work in a particular area).

Am I Eligible?

  • Your annual household income can be no more than £80,000. (this sum is reduced to £70,000 within Craven)
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).


Priority will go to Serving military personnel and former members of the British Armed Forces discharged in the last two years.

How to Apply

You will need to fill out the Help to Buy online form and be accepted as qualifying for intermediate sale. Shared ownership properties are sold in a similar way to market homes, usually based on a first come first serve basis.

Rent to Buy

Rent to Buy properties are new build homes for rent. The rents are approximately 20% cheaper than similar properties on the open market and it is expected that you will use the discount to help you save for a deposit to purchase a home in the future.

Am I Eligible?

  • Your annual household income can be no more than £80,000. (this sum is reduced to £70,000 within Craven)
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).


How to Apply

You will need to contact the individual Registered Provider to find out what their application process is for these types of properties.

Equity Loan

The Help to Buy Equity Loan is a scheme designed to help people buy a new build home up to the value of £600,000. An equity loan between 10-20% is available to make the purchase more affordable, and applicants will only need a 5% deposit. The scheme is for any buyer who is looking to purchase a new build home.

Am I Eligible?

You must be able to: 

  • Fund up to 75% of your chosen property through a conventional mortgage- you must take out a minimum of 25% as a mortgage 
  • You must not be borrowing more than 4.5x your gross household income (minus any debts) 
  • Your monthly repayments (mortgage, equity loan interest and any services charges) must not be more than 45% of your monthly net household income (minus any debts) 
  • Have no other residence or properties in your name or have any properties in your name before the completion date 
  • Not rent out your existing home and buy a second home through Help to Buy 
  • Have access to a minimum 5% deposit


How to Apply

Please visit the local Help to Buy agent for details of how to apply for this particular scheme. Help to Buy Equity Loan.

To register your interest and receive details of shared ownership properties that become available within the Craven District please send an email to egrogan@cravendc.gov.uk with your name and contact details (email and address). Please title the email INTERESTED IN SHARED OWNERSHIP

Privacy Notice – Shared ownership

The Council is a data controller in accordance with the Data Protection Act 2018. This notice provides details of the information that we collect from you, what we do with it, and who it might be shared with.

What information do we collect from you?

When you register your interest to received details of shared ownership properties that become available within the District of Craven, we will ask you for your name and email address.

Why do we collect this information?

Your name and email address are requested so as to register you with an interest in receiving information about shared ownership properties, and sending you information about such properties.

Who might we share this information with?

The Council will not share any of the information that it holds about you with any third party, unless you have given your written consent, or if otherwise this is permitted by law.

What do we do with your information?

The information that you have provided will be held by the Council and will only be accessed by authorised Council employees. We will only use the information that you have provided for the purpose of sending you information about shared ownership properties that have become available, and will not use it for any other Council purpose, unless we have your consent, or if this is provided by law.

How long do we keep hold of your information?

The Council will keep hold of your information in accordance with the following rules:

  • Until you tell us that you want us to stop sending you information, or
  • If the Council learn that you have obtained a property.

How can I access the information you hold about me?

you can makeing a Subject Access Request or writing to the Data Protection Officer, Craven District Council, First Floor, Belle Vue Square, Broughton Road, Skipton, BD23 1FJ. You also have the right to complain to the Information Commissioner’s Office as it can investigate compliance with data protection law: www.ico.org.uk

Make a subject access request