Buy a home
As well as renting homes, we also provide opportunities for people to get a foot on the property ladder, this includes our current tenants (see our Tenant Purchase Schemes section).
Shared ownership is a part buy part rent scheme, it works by enabling you to buy a share in a property that you can’t afford to buy outright and pay subsidised rent to Paradigm on the part that they own. You can either purchase a share in a brand new property or buy a previously owned property from a current shared owner.
Visit our dedicated website – Paradigm Living for more information.
Buying further shares/sell your shared-ownership property
As your circumstances change you can buy further shares, known as ‘staircasing’, from Paradigm and your rent will reduce to reflect the share you do not own. All the details about how to do this can be found in your Homeowners’ Handbook (below) or contact our Sales & Marketing team on 0845 337 4877 for more details.
The money raised from these sales is ploughed back into building affordable homes for people who need them. We also occasionally sell homes we no longer need. Please contact the Sales & Marketing team on 0845 337 4877 for more details.