House Sales Scheme equity sharing option

The House Sales Scheme gives eligible social tenants the opportunity to purchase their home.  If they are able to, they may purchase their home outright.  Alternatively, from January 2009, eligible tenants were given an Equity Sharing option; this is available for those who wish to buy their homes but are unable to afford the full cost.  The extension allows tenants to buy part of their home in conjunction with their landlord. For the part of the dwelling that is still retained by the landlord a rent will be payable.