Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Saxon Park

by Connells

Desborough, Northamptonshire, NN14 2WQ

2 & 3 bedroom houses

From £110,000 for a 40% share
(From £275,000 Full Market Value)

Saxon Park is a development situated just minutes away from an award-winning farm park, nature trails and a 10/15-minute drive from the likes of Market Harborough and Kettering. These homes are brought to the market by Zen Housing and built by Bloor Homes. Shares are available to purchase from 40-75% with the option to staircase to 100% in the future, Two bedroom homes available: Plot 52 / 53 – Build complete June 2026 (anticipated) Three bedroom homes available: Plot 79/ 48 - Build complete April & June 2026 (anticipated) These homes offer a turfed rear garden with tandem car parking spaces. Each home is integrated with a Utopi smart device, which enables you to get insights from real-time wellbeing and energy consumption data, then take action to improve your living environment and reduce your carbon footprint. PRICE EXAMPLE: TWO BEDROOMS: Full market value - £275,000 40% share price - £110,000 Rent per month based on a 40% share - £378.13 Service/ estate charge per month - £68.33 Minimum deposit required - £5500 Lease term - 990 years Ground rent - no ground rent payable THREE BEDROOMS: Full market value - £295,000 40% share price - £118,000 Rent per month based on a 40% share - £440 Service/ estate charge per month - £72.47 Minimum deposit required - £5900 Lease term - 990 years Ground rent - no ground rent payable Location Desborough is ideally situated within minutes of Market Harborough, a commuter town with links to London St Pancras, Leicester, Nottingham, and Sheffield. It’s only a 10-minute drive from our development to Market Harborough railway station, from which you can catch a direct service to London St Pancras, getting into London in about 1 hour. With easy access to the A14 and the A43. our development is ideally located for those needing to regularly commute to Kettering, Wellingborough or Northampton. Kettering is a 15-minute drive away from our development while Northampton is a 35-minute drive away. The development is only a 15-minute walk away from the Desborough Leisure Centre. The leisure centre’s facilities include a gym, an indoor basketball court/football pitch, table tennis tables, and badminton nets. The centre can also be hired out for things like children’s birthday parties. Desborough also has several parks and nature reserves, including Desborough Pocket Park and the family-friendly Desborough Recreation Ground, with its playgrounds and large playing fields. The development is just seven-minutes’ walk from a Sainsbury’s superstore, and there’s a 24-hour M&S Simply Food a 10-minute walk away. Shared Ownership Shared Ownership is a government scheme that offers you the chance to buy a share of a property from a housing association, a non-profit-making body that provides homes. Because you only own a part of the property, you can buy it with a smaller deposit and mortgage. A smaller mortgage means smaller repayments but you’ll also need to pay: -Rent on the share of the property you do not yet own -Monthly service charges To be eligible for Shared Ownership you need to: -Be a first-time buyer, an existing shared ownership homeowner, or a former homeowner who can't afford to buy now -Be over 18 years old -Have an annual household income of less than £80,000 (£90,000 in London). Agency Notes Please note the photos used are shown of previous Shared Ownership homes on the development, and therefore specification may differ and is used for indicative purposes only. Please consult the sales team for any further questions.

Shared ownership

Edgware Parade

by Sovereign Network Group

Edgware, Greater London, HA8 7GD

1 & 2 bedroom apartments and 3 bedroom duplexes

£81,250 - £166,875 for a 25% share
(£325,000 - £667,500 Full Market Value)

Edgware Parade, a collection of 1 and 2 bedroom apartments plus 3 bedroom duplex apartments available through Shared Ownership. To support you, we’re offering up to £500 towards legal fees when you use our recommended solicitors. The development’s ultra-convenient central location, is a stone’s throw from Edgware tube station, offering easy access to central London, whilst boasting a diverse array of eating, shopping, and leisure experiences right on your doorstep too. A great place to effortlessly live life to its full potential, with the very best of urban living design. In addition to private outdoor spaces for every home, landscaped communal gardens are a perfect antidote to a busy lifestyle. There are also plentiful green spaces and countryside nearby, excellent schools, a vibrant community and regeneration in the London Borough of Barnet, making Edgware a highly sought-after, long-term postcode to call home.

Shared ownership

Square Roots Hendon

by Square Roots

Hendon, Greater London, NW9 6GP

Studio, 1 & 2 bedroom apartments and 1 bedroom duplexes

£76,250 - £123,125 for a 25% share
£305,000 - £492,500 Full Market Value

SHARED OWNERSHIP HOMES IN HENDON Square Roots Hendon is a new Shared Ownership development of 244 studio, one and two-bedroom apartments and duplexes, ideally positioned along Edgware Road. These thoughtfully designed new build homes benefit from private outdoor space, with residents enjoying access to landscaped communal gardens and a children's play area. The development also provides secure off-street parking alongside generous cycle storage. PERFECT POSITION Commute, work, or play. Wherever you need to be, you're ideally positioned to travel out from London. M1, North Circular, Northern Line. Take your pick of routes. It's just a 14- minute walk to Hendon station and on the A5, it's a straight 7line to Marble Arch. Not to mention nearby Brent Cross, Wembley and more. YOUR HOME, YOUR WAY Integrated appliances, a USB port to all living paces, and a balcony or terrace to every apartment are just some of the features that make up your new contemporary home. For further information please speak to our Sales Executives. BOOK YOUR APPOINTMENT Square Roots Hendon Sales Suite Edgware Road, NW9 6LB

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: