Shared ownership is a type of low cost home ownership which combines renting with owning. It is aimed at people who want to have a stake in the ownership of their own home, but are unable to buy at market value.
Shared ownership schemes are usually operated by a housing association or housing co-operative. Shares may be 25%, 50% or 75% and are valued at current market value. Applicants may purchase further shares (this is called staircasing) when funds permit, and can eventually purchase the whole property, but this is not a requirement.
East Lothian Housing Association
East Lothian Housing Association operates a shared ownership scheme. You can find out about it, and download the association's policy for allocating their shared ownership housing.