Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Blendworth Fields

by Abri Homes

Horndean, Hampshire, PO8 0DE

1 bedroom apartments and 3 & 4 bedroom houses

£147,000 - £182,000 for a 35% share
£78,000 - £158,000 for a 40% share
£195,000 - £520,000 Full Market Value

Our new marketing suite is now open - visit on Thursdays between 10.00am and 4.00pm or book an appointment. Blendworth Fields is a new collection of one, two, three and four bedroom Shared Ownership homes set in the semi-rural village of Horndean. Tucked away at the edge of the South Downs National Park, you’ll have countryside walks and stunning views right on your doorstep. Fancy a bite to eat or some weekend shopping? Horndean offers independent shops, welcoming pubs and restaurants for every taste. With excellent transport links from nearby Rowlands Castle station, our new houses for sale in Horndean are perfect for commuters seeking a peaceful village lifestyle without losing city connections. Tenure: Leasehold. Length of lease: 990 years. Reservation fee: £500. Predicted council tax band: New build properties, band to be determined. Service charge is reviewed once a year.

Shared ownership

Corinthian Place

by Persona Homes

Burnham on Crouch, Essex, CM0 8NS

1 bedroom apartments

From £56,250 for a 25% share
(From £225,000 Full Market Value)

Corinthian Place is a collection of new one, two and three-bedroom homes located in the historic and charming town of Burham-on-Crouch with its stunning waterfront. This new development set in a desirable location has landscaped open spaces with walking and cycling routes, perfect for family living. Our homes, available with shared ownership, are thoughtfully designed with energy-saving features making them an excellent choice for stepping onto the property ladder.

Shared ownership

Arundel Gate

by Aster Homes

Arundel, West Sussex, BN18 9GL

1 bedroom maisonettes and 2 bedroom houses

£104,000 - £168,000 for a 40% share
£260,000 - £420,000 Full Market Value

Looking for a home in the charming and historic market town of Arundel? Our collection of beautifully designed homes at Arundel Gate offers the perfect opportunity to put down roots in one of West Sussex's most desirable locations.Homes for sale in ArundelNestled beside the River Arun and overlooked by its iconic castle, Arundel is a characterful town known for its heritage, independent shops, arts scene, and easy access to beautiful countryside. It's an idyllic place to call home.Local Amenities in ArundelRail TransportArundel Railway Station offers frequent services to:London VictoriaGatwick AirportPortsmouthBrightonThe station is just a 5‑minute walk from the town centre, making commuting and days out simple and convenient.A27 - the key east-west route between Brighton and PortsmouthA284 - connects Arundel with Littlehampton and the south coastThese routes provide excellent accessibility to coastal towns and wider transport networks.What to do in ArundelArundel CastleA historic landmark dating back to 1067, featuring a Norman keep, medieval architecture, immaculate gardens, and remarkable artwork from artists including Van Dyck, Gainsborough and Canaletto.Arundel LidoA heated outdoor swimming pool perfect for family days out, recreational swimming, and seasonal events.Independent Shops & GalleriesArundel is celebrated for its boutique shopping streets, antique stores, artisan makers, and galleries.Swanbourne Lake & Arundel ParkA picturesque location ideal for walking, wildlife spotting, boat hire, and picnics in beautiful surroundings.Local Events & AttractionsArundel Farmers' Market - held on the third Saturday of each monthTulip Festival at Arundel Castle - a stunning seasonal attraction each mid‑April Eligibility and AffordabilityWhen considering a move to the picturesque town of Arundel, understanding your eligibility and the affordability of the shared ownership scheme is a crucial first step. A full breakdown of the eligibility critera can be found in our Shared Ownership FAQs. It is important to note that a local connection requirement to Arundel is needed to apply for our shared ownership homes at Arundel GateHow Shared Ownership WorksThe shared ownership scheme is a practical and flexible way for many people to take their first step onto the property ladder. Shared ownership houses and flats offer a first step into homeownership for first-time buyers, growing families, and anyone looking to put down roots in the local community.You purchase a share of a property, and pay rent on the remaining share to a landlord, in this case Aster. For example, if you buy a 40% share in a home, you'll pay a mortgage on that portion and pay rent on the remaining 60% to us. This means your initial deposit and mortgage payments are based only on the share you own.As a buyer, you'll be responsible for your share of the property's upkeep, as well as making your regular payments (both your mortgage and your rent). For more information, check out our full guide to how shared ownership works.Make an Aster Home Your HomeWe're passionate about helping you find more than just a house, we want to help you find a home that feels truly yours. Shared ownership could open the door to a lifestyle and location that might otherwise be out of reach.If you're ready to learn more about our stunning shared ownership homes at Arundel Gate, get in touch with our sales negotiator Nicci today.Important Information Please note that a local connection requirement to Arundel is needed to apply for our shared ownership homes at Arundel Gate, please speak to Nicci for more information.We aim to provide fair, accurate and reliable property descriptions, but they should be used as a general guide only and may be subject to change. If there is any detail of particular importance to you, please contact us and we'll be happy to confirm it.Shared ownership homes are sold as leasehold properties. Service charges and rent on the unsold equity are reviewed annually, with changes taking effect from 1st April each year. Your home may be at risk of repossession if you do not keep up with mortgage or rent payments. Photographs are not plot specific-please speak to our team for further information.

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: