Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

High Moor View

by Aster Homes

Winkleigh, Devon, EX19 8DE

2 bedroom houses

£108,000 for a 40% share
£270,000 Full Market Value

Reserve by Christmas with a £50 deposit! Shared ownership homes for sale in Winkleigh, DevonLooking to buy a home in Devon's idyllic countryside? Discover High Moor View, a collection of beautifully designed shared ownership homes in Winkleigh. Nestled in the heart of the Devonshire landscape, this development offers a unique blend of modern living, and rural tranquillity. Whether you're a first-time buyer or looking to upsize, High Moor View offers affordable shared ownership homes in one of Devon's most scenic locations.Located on the edge of Dartmoor National Park, this is more than just a home; it's a gateway to the great outdoors. Enjoy the space to grow, breathe, and explore, while still having the convenience of shops, schools, and transport links close by. Shared ownership in Winkleigh makes rural homeownership more achievable, with lower upfront costs and long-term flexibility.Where is Winkleigh?Winkleigh is a picturesque village in Devon, South West England. Set amid rolling farmland and unspoilt countryside, it's ideally positioned for those seeking peaceful surroundings with essential amenities within reach. Located between Okehampton to the South, Torrington to the North, and Crediton to the East, Winkleigh offers access to local shops, supermarkets, schools, transport links and healthcare services, all just a short drive away.For those commuting or travelling further afield, nearby transport routes link easily to Exeter and Barnstaple. The area strikes the perfect balance between rural Devon living and modern-day connectivity, making it a hidden gem for buyers looking to escape city life without sacrificing convenience.With its welcoming atmosphere, scenic surroundings, and slower pace of life, Winkleigh appeals to those looking to enjoy the benefits of countryside living while staying connected to nearby amenities.Things to do in WinkleighIn and around Winkleigh, a variety of activities await, making it an ideal destination for families and those who appreciate the outdoors. Within the village, you can visitWoolley Animals Farm Park for hands-on animal encounters,Explore imaginative play areas at Scribbleton.Sample traditional Devon cider at the Winkleigh Cider Company.The surrounding countryside offers scenic walking and cycling routes, andWar Horse Valley Country Farm Park in Hatherleigh.Winkleigh is also well-served by practical amenities. There are several supermarkets and shops in nearby towns such as Okehampton, Crediton, and Torrington, all within a short drive.The area is home to several primary and secondary schools, making it an ideal location for families. With its balance of rural charm and access to essential services, Winkleigh offers a peaceful yet connected lifestyle.Before reading any further there is a local connection to the properties, you must have one of the following and be able to provide evidence -Being permanently resident within Torridge District Council or previously resident for 6 months within the last 12 months or 3 years in 5 years.Currently permanently employed for a minimum of 16 hours per week within Torridge District Council (excluding seasonal work)Have a close connection through a close family member (normally mother, father, brother, sister, son or daughter. Where the family member is currently resident within Torridge District Council for a continuous period of 5 years. Shared ownership - the smart step in buying your homeYou might have thought that the cost of houses in Winkleigh would be prohibitive in such a competitive market, but our homes in Devon are all for sale under our smart, simple shared ownership scheme. There are no catches - you just buy an affordable share, pay rent on the remaining amount, and increase your shares (this is called staircasing) as your finances allow. It helps you to step onto the property ladder much more easily than buying outright. You can learn more about shared ownership and how shared ownership works here , or just call us and we'll be happy to answer your questions.Make an Aster house your homeOur aim at Aster is to find you a home, not just a house -and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just contact us today!So, if you're ready to find out more about our houses for sale in Winkleigh on the High Moor View development in Devon, get in touch and we'll be delighted to help.Finding your dream home is easy with Aster, we have shared ownership developments available throughout the South and South West. Take a look at our other developments to see if any other properties catch your eye.*While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st of April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.

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

Mansion House – Port Loop

by Spicerhaart

Birmingham, West Midlands, B16 0AF

2 bedroom apartments

From £68,750 for a 25% share
(From £275,000 Full Market Value)

Welcome to Mansion House, Birmingham’s newest canal side apartments, located at the award-winning Port Loop development. Designed by shedkm architects, these modern two-bedroom homes offer spacious and bright living areas, with large windows and high ceilings that flood the interiors with natural light. Each apartment features a private balcony, generous living spaces, and a dual-aspect design. Key Features: * Bright, Spacious Living Areas: Open-plan designs with large windows. * Two Bedrooms: Thoughtfully designed for comfort. * High Ceilings: Creating an airy, grand ambiance. * Private Balcony: Your own outdoor retreat. * Modern Features: State-of-the-art appliances and sleek interiors. * Community Focus: Small groups of apartments with shared entrances to foster a sense community and connection. Port Loop Community: Situated in a vibrant community, Mansion House offers easy access to local amenities, parks, shops, and cultural attractions. Nestled between Birmingham Canal Old Line and the Birmingham Canal, Port Loop is just a 15-minute walk from Birmingham city centre. Its island location was once the industrial heart of the city, so the tow paths that served it provide superb, direct routes to the city centre. You can go by foot or jump on a bike. This is more than just a home; it’s a lifestyle that values sustainability and neighbourly connections.

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: