Shared Equity S106

Scheme 

  • Shared equity is offered on properties purchased directly from a developer, housing association / local authority or re-sale properties.
  • The properties are sold at a discount below the open market and the % reduction is agreed during the planning process.
  • The applicant will be required to comply with the eligibility criteria of Section106. (Council Legal Document).e.g Local Connection.
  • You must have a repayment mortgage for the % of the home you are buying.
  • The equity loan can vary, and you would be required to fund the remaining % with a combination of mortgage and/or savings.
  • The equity loan will be secured against your property, no rent or interest is payable on the loan.
  • A minimum deposit of 5%, subject to the requirements of the mortgage lender.
  • In certain circumstances you will not be able to repay the % equity and will therefore not be able to staircase to 100% ownership.
  • There is an assessment fee of £75.00.
  • Please note :- Since the 1st of April 2026, S106 shared equity in Gwynedd is being administered by Gwynedd Council. Please contact tai@gwynedd.llyw.cymru / 01286 685100.

Eligiblity Criteria

  • Be over 18 years of age.
  • Gross household Income must be between £16,000 - £60,000. See Income tab.
  • You will have to gain access to a mortgage or have sufficient savings and unable to purchase on the open market.
  • Local Connection - you will have to have at least 12 months of local connection to the area you choose to live in to be on the register e.g. living, working or close family contact :- Parents, grandparents, siblings, adult children. Each property will have their own local connection eligiblity criteria and this will be noted on the property advert.
  • Be unable to afford to buy a property suitable for your family size on the open market or through any other home ownership initiative.
  • You must be able to show the Tai Teg either that you are not adequately housed or that you can no longer afford to occupy your current home. e.g be unable to afford to buy a property suitable for your family size on the open market or through any other home ownership initiative. You must sell your current home before you can be considered for a property through Tai Teg. As part of the process a copy of your completion statement will be required from your solicitor.
  • Be British or an EU/EEA citizen, or have indefinite leave to remain.