Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

The Cornish Quarter

by Linden Homes

Wadebridge, Cornwall, PL27 6AY

3 bedroom houses

£175,000 for a 50% share
£350,000 Full Market Value

Discover an impressive range of 3 & 4-bedroom homes at our new housing development in Wadebridge.Home to beautiful coastlines, luscious outdoor spaces and superb shopping facilities, our new homes for sale in Wadebridge make it easy to enjoy a relaxed pace of life in the heart of Cornwall. Living at The Cornish Quarter you'll have easy access to the nearby scenic Camel Trail as well as a choice of nearby beaches-perfect for outdoor enthusiasts and relaxed weekend strolls. In addition you'll find well-rated schools and nurseries nearby, making it a practical choice for growing families. What's more, with excellent road and rail connections, including the A30 and Bodmin Parkway station, travelling across Cornwall and beyond is simple and convenient. Considering Shared Ownership? â' Estimate your monthly costs today What's my budget? â' Calculate how much you could afford ...

Shared ownership

Collaton Park

by Coln Signature Homes

Newton Ferrers, Devon, PL8 2PF

1 & 2 bedroom bungalows

£191,250 - £266,250 for a 75% share
£255,000 - £355,000 Full Market Value

Collaton Park is a visionary new community set in the heart of the South Hams, seamlessly blending sustainable, design-led homes with the breathtaking countryside that surrounds it. Offering a rare combination of contemporary living and traditional village charm, this exceptional development is more than just a collection of homes - it’s a thriving, inclusive community where residents can truly feel connected. Every aspect of Collaton Park has been carefully considered to enhance both lifestyle and well-being, from energy-efficient homes designed with modern living in mind to thoughtfully planned green spaces that celebrate the natural beauty of the South Hams landscape. The Chestnut is one of our Horizon properties, exclusively available for those over 55 years old. Collaton Park offers two types of Horizon properties, The Chestnut and the Hawthorn. The Chestnut is a single storey one bedroom home while The Hawthorne is a two bedroom home set over two floors. Both are designed with low maintenance in mind and are perfect for those looking to downsize to something more manageable. We welcome you along to take a look around, we have a four bedroom detached show home and three bedroom detached view home available to view Wednesday to Saturday between 10am and 5pm.

Shared ownershipRetirement

New 2 bed houses now available

Okehampton View

by Legal & General Affordable Homes

Okehampton, Devon, EX20 1FT

2 bedroom houses

£57,563 - £58,625 for a 25% share
£230,250 - £234,500 Full Market Value

Discover the Wonder of Okehampton View - New phase just released A new phase of beautiful 2 bedroom semi-detached Shared Ownership houses are now released, close to the town and station in Okehampton, Devon, situated on the edge of Dartmoor National Park surrounded by natural beauty. These 78m sq, two bedroom semi-detached houses in a cul-de-sac location, enjoy spacious open-plan living and come with two parking spaces and private garden at Okehampton View, Okehampton, West Devon, and are available to purchase through Shared Ownership from a 50% share. Homes at Okehampton View will be ready to move into from Summer 2026. 2 Bedroom Houses Financial Breakdown: • Full Market Value: £232,750 - £234,000 • 25% Share Value: £58,188 - £58,500 • 5% Deposit of 25%: £2,909 - £2,925 • Rent on unowned share: £401 - £403 per month • Service Charge: £77.13 - £77.23 per month • Council Tax Band: Tbc* Key Features • Okehampton Town Centre and Station 1.1 & 0.7 miles away • Exeter 23.5 miles away • Stainless steel multi-function oven, hob and stainless steel chimney hood • Paved patio area • Turf to rear garden • Two parking bays per property • Solar panels and EV charging point • NHBC 12 Year Building Warranty L&G Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit. For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home. Local Area Okehampton View is an exciting new development on the fringes of Okehampton that provides all the amenities for modern living without having to travel far. Living at Okehampton View, the dramatic granite moors of Dartmoor are easily accessible as they are within walking distance. This unique area of tors, farmland and rivers is considered one of the most beautiful places in the country. Okehampton itself is a delightful, historic town with an excellent choice of shops, tea rooms, pubs and restaurants. The town has great pubs, a cinema, local gyms and sports clubs. It also offers an excellent choice of schools and medical facilities. What Is Shared Ownership? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder. L&G Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes. *Council Tax and Cgi Disclaimer: Council tax bands are often not released until a property is complete. For guidance, please speak with a Sales Consultant or contact the local authority. Cgi interior images are indicative of house styles from the previous phase houses.

Shared ownership

How does Shared ownership work?

Shared ownership allows you to buy a share of a new house and pay rent on the remaining part. It is a government-backed incentive scheme, primarily aimed at helping first time buyers onto the property ladder. You can also use it to buy a bigger home than you can afford on the open market.

The percentage you can purchase may be different depending on where you buy the home:

In England, you can buy shares of between 10% and 75% of the full market value
In Scotland, you can buy a 25%, 50% or 75% share
In Wales, you can buy shares of between 25 and 75% of what the home is worth

Shared ownership is also known as ‘part-buy, part-rent’.

You will purchase your shared ownership property via a housing association or council. The home will be a new build or a re-sale of an existing shared ownership property, of which you’ll need to purchase the same percentage of shares as the existing owner, or more.

You will need a deposit and a mortgage on your share of the property that you are buying. The remaining share is owned by the housing association or council, and you will pay rent comprising up to 3% of this amount.

Although the housing association may have shares of up to 90% in your home, you will become the owner of the lease. As the leaseholder, you will be responsible for repairs inside the property and the housing association will take care of the outside.

To cover any costs that might be necessary for outside work, you will need to pay a service charge, usually paid monthly. It is a good idea to find out how much the service charge is and factor that into all monthly outgoings before you agree to buy.

Shared ownership eligibility

In England, this scheme is available to those in a household with a combined income of less than £80,000 a year (or £90,000 in London), and you are unable to afford a deposit and mortgage payments on a suitable property for you and your family. In Wales, you must have a combined income of less than £60,000.

There are other criteria you must meet, such as:

being a first time buyer, or
if you used to own a home but can no longer afford to buy outright, or
you want to move from one shared ownership property to another, or
you're setting up a new household, for example after a relationship breakdown, or
you currently own a home, and wish to move but cannot afford to buy outright.

You will also need to have no outstanding credit issues, so make sure you get your finances in order before you apply.

Criteria varies by country, so be sure to check before applying.

A development of Shared Ownership homes in England

What is Staircasing in Shared ownership?

You can buy additional shares of your home, usually in increments of 10%, until you own the majority or all of your home. Some older leases set the minimum amount at 25%, and newer ones may allow you to buy as little as 5% at a time. There are some instances where you may be able to buy 1% shares.

This process is called staircasing and allows you to own more of your home as you earn more money or can afford a bigger mortgage. Each time you wish to purchase more shares, these will be based on the value of the home at the time of buying the shares, and not the value of your home when you first bought it.

You will need to pay for a professional valuation of your property to determine the value of the shares before you can buy them. Buying more shares in your home will also mean paying less rent.

Things to consider before buying a Shared ownership home

There are other factors which may impact your decision on whether shared ownership is right for you:

You will still need a deposit for the mortgage portion of your home, usually between 5% and 10% of the value of the mortgage.
All usual moving fees apply including surveys, stamp duty and legal costs.
If you’re aged 55 or over, you may be eligible for Older People’s Shared ownership (OPSO) but bear in mind, you will only be able to own up to 75% of your home.
If you are a key worker, then a percentage of properties through housing associations will be allocated to those who work for the NHS, police, local authorities, Ministry of Defence and many more. Ask the housing association for more information.

Useful links

Find out more about shared ownership in England

Find out more about shared ownership in Scotland

Find out more about shared ownership in Wales

Shared ownership providers

The following housing associations and developers have shared ownership properties available throughout the UK which you can enquire via this website: