Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Ashtree Grove

by Burchell Edwards

Hampton in Arden, West Midlands, B92 0BF

2 bedroom houses

From £100,000 for a 25% share
(From £400,000 Full Market Value)

Sometimes the perfect puzzle comes together when you least expect it. At Ashtree Grove, we've already put all the essential pieces in place for your ideal home, with this move-in ready two-bedroom home available from just £100,000 for a 25% share with only £5,000 for your 5% deposit. Introducing The Rosegate two-bedroom home, featuring modern open-plan living, premium flooring throughout and perfect for first-time buyers seeking style and functionality. Step into a bright and versatile open-plan space that combines the lounge, dining area, and kitchen. This adaptable living area is perfect for both quiet evenings in and entertaining family and friends. A convenient lobby provides access to the private rear garden and also leads to a guest cloakroom, while a discreet storage cupboard keeps your living space tidy and clutter-free. The entire ground floor features Amtico luxury vinyl flooring, adding a sleek, durable finish. The first-floor features premium carpeting, two double bedrooms, and additional storage spaces. The bathroom is also fitted with luxury Amtico flooring, creating a high-end feel across this beautiful home. Outside features a private turfed rear garden with a paved patio area and a garden shed for your outdoor storage needs. You will also benefit from two dedicated parking spaces with electric vehicle charging, supporting a future-focused lifestyle. SHARED OWNERSHIP WITH BROMFORD: It offers a simple, flexible approach to homeownership, making it easier than ever to own your own home in this sought-after location. You purchase the share of your dream home that suits you now and pay rent on the remaining share. When the time is right for you, you can buy more shares through a process called staircasing, increasing your ownership of the property until you own it outright. For more information visit our Home Ownership Hub. We follow Homes England Guidelines on First Come, First Served policies for Shared Ownership homes. Please visit our policies page for full policy details. PRICE EXAMPLE: Full market value - £400,000 25% share price - £100,000 Monthly rent based on a 25% share - £688 Deposit required - £5000 Monthly mortgage - £455 Monthly service charge - £34 Total monthly costs - £1,177 LOCATION: The village train station is just a 2-minute walk away, connecting you to Birmingham city centre in 14 minutes and even London Euston in just over an hour. Birmingham Airport is a mere 3-minute train ride making weekend getaways and holidays convenient - perfect for maintaining your work-life balance. Daily life is surprisingly convenient with a GP surgery, post office, library and gym all within walking distance. There are excellent secondary schools at Arden Academy and Tudor Grange Academy, as well as private education at Solihull School When you're ready to unwind, explore nearby nature reserves or enjoy the local White Lion pub just steps from your door. Best of all, shared ownership makes this lifestyle accessible now rather than years down the line, allowing you to enjoy a quality of life that often seems out of reach for many buyers in today's market. AGENCY NOTES: The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances. Due to the nature of construction room sizes, window positions, window and door styles, brick and tile colours, elevational treatments and external landscaping may vary. Purchasers are advised to satisfy themselves as to their accuracy and are not intended to be used for carpet sizes, appliance spaces or items of furniture. Floor areas are measured at widest point. Please speak with your sales consultant for individual plot, electrical, heating and kitchen spec information. Images for illustrative purposes only.

Shared ownership

Ash Meadows

by Rooftop Housing Group

Worcester, Worcestershire, WR5 3HR

2 bedroom bungalows

From £71,250 for a 25% share
(From £285,000 Full Market Value)

We are pleased to introduce a beautiful selection of 2, 3 & 4 bedroom ecofriendly homes for sale via Shared Ownership, with Vistry Partnerships available to reserve now. Homes have been handed over to Rooftop Housing Association and are available to view. We currently only have 1 plot remaining – Plot 77 – 2 bed terraced bungalow (Full market value of £285,000). Shares available from 25%, subject to affordability assessment. This 92 home development which has excellent links to major nearby cities represents a significant contribution to the new-build affordable local housing market in the area. Worcester is ideally located close to major roads and transport networks which serves close by local towns and is within commuting distance to some of the region’s major cities such as Cheltenham, Gloucester and Birmingham. Please visit our website for a full price list, brochure and the Key Information Document for a breakdown of the value vs rental payments.

Shared ownership

SO Resi Cambourne

by SO Resi

Cambourne, Cambridgeshire, CB23 6NE

3 bedroom houses

£97,500 for a 25% share
£390,000 Full Market Value

Ideally situated just nine miles west of Cambridge and just over an hour from King’s Cross Station, Cambourne marries the convenience of new-town living with the history and charm of England’s most prestigious university city. This brand-new development offers easy workday links to the A14,M11 and M25 via the A428, with plenty of scope for weekend adventures – surrounded by a tranquil nature reserve and a stone’s throw from locally renowned independent eateries, a stylish shopping centre and activities ranging from leisurely punting tours to exhilarating aqua park sessions. When warmer climes beckon, an easy 38-mile drive gets you to Stansted airport – or an even easier 4 miles to Cambridge airport. There’s a choice of four good primary schools, feeding the Ofsted outstanding-rated Cambourne Village College, as well as family friendly facilities to suit your lifestyle and budget – from Cambourne’s Fitness and Sports centre to the smart Cambridge Country Club. Whether you’re buying independently, as a couple or as a growing family, SO Resi Cambourne ticks every box – and more.

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: