Head of Content
Mortgage Advisor & Director
About the scheme
The Older People's Shared Ownership Scheme (OPSO) is open to those aged over 55 who do not currently own property.
Under the scheme, you own a percentage of the property between 25-75%, and you can increase your share over time. When you own between 25-75% of your home, you will pay a reduced rent, and over 75% ownership means you no longer pay rent.
Eligibility and conditions
- You must be aged 55 or over.
- Your annual household income must not exceed £80,000 or £90,000 in London.
- You are a first time buyer, used to own a property or are already on a shared ownership scheme.
- Military personnel are given priority. However, local councils may have their own priority groups.
More information
Our team of experienced advisors have helped many people to secure the best deal possible on their Shared Ownership mortgage, complete our simple online form today to get started!
More information can be found on the Government Own your Home website.
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Choosing an Adviser
Selecting a qualified and experienced mortgage adviser is of great importance. To choose a suitable adviser, evaluate their qualifications, experience, and reputation, and ensure they are regulated by the Financial Conduct Authority (FCA).
Read reviews from previous clients and make sure they provide a clear explanation of the products and services they offer, as well as the fees and charges associated with them.
