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 Bovis Homes

Wadebridge, Cornwall, PL27 6AY

2 bedroom houses

£140,000 for a 50% share
£280,000 Full Market Value

Discover a range of beautifully crafted 2, 3, 4, and 5-bedroom homes at The Cornish Quarter.Nestled in the quintessential Cornish town of Wadebridge, these homes are ideal for families, couples, and downsizers seeking to settle in an area of outstanding natural beauty. With stunning coastlines, lush outdoor spaces, and excellent shopping facilities, our new homes offer the perfect setting to enjoy a relaxed pace of life in the heart of Cornwall. Each home blends modern design with local character and features thoughtfully laid-out spaces that reflect the region's natural charm-making everyday living simple and enjoyable. Considering shared ownership? Estimate your monthly costs CLICK HERE What's my budget? Check your affordability CLICK HERE

Shared ownership

Langley Park

by Taylors Estate Agents

Chippenham, Wiltshire, SN15 1GS

1 & 2 bedroom apartments and 3 & 4 bedroom houses

£74,000 - £182,000 for a 40% share
(£185,000 - £455,000 Full Market Value)

Langley Park presents the most centrally located new home development in Chippenham, 1 & 2 bed apartments, 2, 3 & 4 bed houses available, offering unparalleled convenience just a 3-minute walk from the train station. This prime position ensures effortless commutes, with Bath Spa only 15 minutes away and Bristol Temple Meads reachable in just 30 minutes. Chippenham is an ideal family destination, offering both immediate advantages and long-term benefits. Its vibrant high street and nearby retail parks provide a diverse array of supermarkets, popular high street brands, and unique independent shops and cafes. The area also benefits from excellent access to high performing local schools:- Ivy Lane Primary, Monkton Park Primary, Redland Primary, all rated Good by Ofsted, within a mile. Secondary education covered by Hardenhuish School, Abbeyfield School & Sixth Form, Sheldon School — all Good rated and less than ~1.5 miles away. Further education options via Wiltshire College & University Centre, just ~0.3 miles from your doorstep. Green spaces and parks are close by:- Just a few minutes’ walk to John Coles Park and Monkton Park—perfect for morning jogs, leisurely walks, or letting children run free. *The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home. Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

Shared ownership

Williamson Heights

by Red Loft

Wembley, Greater London, HA9 0JZ

1 & 2 bedroom apartments

£96,250 - £130,000 for a 25% share
£385,000 - £520,000 Full Market Value

Located in the heart of Wembley, Williamson Heights offers a stylish collection of contemporary 1 and 2 bedroom apartments, designed for modern London living. These well-appointed homes feature open-plan layouts, high-quality finishes and private balconies, complemented by an impressive range of on-site amenities that enhance everyday life.Residents can enjoy access to a communal gym, cinema room, co-working and workspace areas, a large rooftop terrace and a dedicated play area, creating a vibrant community atmosphere above the city. Available through the Shared Ownership resale scheme with shares from 25%, Williamson Heights presents an excellent opportunity to step onto the property ladder in one of north-west London's most dynamic neighbourhoods.Key FeaturesContemporary 1 and 2 bedroom apartmentsAvailable through Shared Ownership from a 25% shareOpen-plan living, kitchen and dining areasModern kitchens with integrated appliancesPrivate balconies to all apartmentsCommunal gym, cinema room and workspace areasLarge rooftop terrace and landscaped communal spacesConcierge service for residentsPrime Wembley location close to key transport linksLocation Williamson Heights is superbly located in the heart of Wembley, just moments from the London Designer Outlet, offering a wide range of retail, dining and leisure options. Wembley Stadium and Boxpark Wembley are also within easy reach, placing world-class entertainment right on your doorstep. For commuters, Wembley Park and Wembley Stadium stations are close by, providing excellent connections across London and beyond, including fast access to central London destinations.Please be advised that all homes at Williamson Heights are resale properties, sold as seen, and are not covered by a defects warranty.*images shown are of Flat 117 Williamson Heights.

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: