Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

First collection launching August

Bluebell Grove

by Moat Homes

Aylesham, Kent, CT3 3BA

2, 3 & 4 bedroom houses

Prices coming soon

Introducing Bluebell Grove, a charming new collection of 2, 3 and 4 bedroom houses for shared ownership in the growing village of Aylesham, Kent. Thoughtfully designed for modern living, these new build homes offer a fresh opportunity to put down roots in a well-connected village surrounded by green open spaces.Set within a peaceful community, Bluebell Grove offers the ideal balance of countryside living and everyday convenience. With Aylesham train station close by, you can enjoy direct links to Canterbury East and connections to London Victoria, making these homes perfectly placed for commuters, families and first-time buyers looking for a more accessible route onto the property ladder.Each home at Bluebell Grove has been crafted with contemporary lifestyles in mind, featuring modern fitted kitchens with integrated appliances, private gardens, and allocated parking. Light, thoughtfully designed interiors create welcoming spaces ideal for relaxing, entertaining or working from home.Whether you're taking your first step into home ownership or seeking a new build home in a well-located Kent village, these shared ownership homes in Aylesham offer a fantastic opportunity to make your move with Moat Homes.Register Your Interest | Launching Monday 10 AugustOur first collection of 2, 3 & 4 bedroom homes will be available to reserve off-plan from Monday 10 August. Our final collection will be released in September.Register your interest today and we'll keep you updated when homes at Bluebell Grove become available to reserve.Please note: Images are from a show home at a different development and are for illustrative purposes. Please refer to the floor plans and specification for details specific to Bluebell Grove.

Shared ownership

Axion House

by Mann

Lewisham, Greater London, SE13 7GE

1, 2 & 3 bedroom apartments

From £102,500 for a 25% share
(From £410,000 Full Market Value)

A brand new, development for shared ownership which are now fully completed and ready for occupation immediately. Situated beside the River Ravensbourne, in the heart of Lewisham Centre, with excellent transport links to central London and Canary Wharf. The development comprises a range beautifully designed and constructed 1, 2 & 3 Bedroom apartments and duplexes which have been carefully thought through to maximise living spaces. Call our Lewisham Office today to register your interest and arrange a viewing one of stunning homes.

Shared ownership

The Willows

by Persimmon Homes

Downham Market, Norfolk, PE38 9QY

2 & 3 bedroom houses

£98,000 - £152,500 for a 50% share
£196,000 - £305,000 Full Market Value

Welcome to The Willows – modern new homes in beautiful Norfolk Set on the edge of a historic market town in Norfolk, The Willows offers a fantastic range of one, two, three, four and five-bedroom homes. These new builds in Downham Market are designed for modern living, with energy-efficient features and practical layouts. Surrounded by green open spaces, community allotments and a play area, this development is an ideal place to start your next chapter. Stylish new build homes in Downham Market The Willows combines a peaceful setting with easy access to everything you need. Enjoy a welcoming community atmosphere, with the popular Chequers pub in nearby Wimbotsham just a short walk away – a local favourite for its events and friendly vibe. Plus, Downham Market town centre is close by, offering shops, schools and essential services. New build homes with excellent transport links to Ely and Cambridge Commuting is simple from The Willows. Downham Market train station is just 2 miles away, with direct services to Ely, Cambridge and London King’s Cross. The A10 and A1122 provide easy road links across Norfolk and beyond. Everything you need on your doorstep Downham Market offers supermarkets, independent shops, and leisure facilities, while families benefit from a great choice of schools. The town’s historic Market Square hosts regular markets, adding to its charm and convenience. Explore the outdoors in Downham Market Enjoy the best of Norfolk’s countryside with scenic walks and nature reserves nearby. The stunning Norfolk coastline is just a short drive away, as is the fantastic Watatunga Wildlife Reserve, perfect for nature lovers. Ready to make your move? To explore our new houses for sale in Downham Market and start your new build journey, speak to one of our sales advisors today.This development offers the following schemes:New Build BoostDeposit Boost: 5% Deposit Contribution SchemePart Exchange your homeShared OwnershipHome ChangeArmed Forces, Key Workers & NHS Discount SchemeBank of Mum and DadEarly Bird SchemeSchemes are available on selected plots only, subject to status, terms and conditions apply. Contact the development for latest information.Downham Market has a good range of local shops, pubs, restaurants, and takeaways, in Market Square, High Street, and Bridge Street. A Tesco Superstore, Morrisons, and The Bridge Street Surgery are each just over a mile from The Willows. The Alive Downham Leisure Centre is also just over a mile from The Willows. Hillcrest Academy and Nelson Academy are the two primary schools, and for secondary education, Downham Market Academy also has a sixth form.The River Great Ouse is the town’s natural landmark – with lovely riverside walks along its banks. The Memorial Park is just down the road, and the green space of the Willows Nature Reserve is near the river. It’s really easy to head for the north Norfolk coast from here – a treat of long sandy beaches and pretty seaside villages. 30 minutes inland, on the Norfolk-Suffolk border, the vast Thetford Forest is one big adventure.Downham Market sits right next to the A10. It’s one of the county’s main routes, bypassing the town rather than taking traffic through it. It’s the link between King’s Lynn on the coast, all the way down to Greater London and the M25. King’s Lynn is 11 miles away. Cambridge is 35 miles down the A10. Peterborough is also within commuting distance. There’s a local train station too, with services to London Kings Cross taking less than 2 hours.Monday 10:00 - 17:00, Tuesday Closed, Wednesday Closed, Thursday 10:00 - 17:00, Friday 10:00 - 17:00, Saturday 10:00 - 17:00, Sunday 10:00 - 17:00

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: