OPSO – Older People’s Shared Ownership

  • Availability: England Only

If you are aged 55 or over, the OPSO scheme in England could help you buy any home that’s for sale on a shared ownership basis (part-rent/part-buy). You could buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share.

It works in the same way as the general shared ownership scheme, but you can only buy up to 75% of your home. Once you own 75% you won’t have to pay rent on the remaining share.

You could buy a home through the OPSO scheme if you’re aged 55 or over and meet the following criteria:

  • your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London
  • you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

Only military personnel will be given priority over other groups through government funded shared ownership schemes. However, councils with their own shared ownership home-building programmes may have some priority groups, based on local housing needs.

Your local Help to Buy agent can help you with this scheme.