Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Exclusive offers available*!

Kew Bridge Rise

by L&Q

Brentford, Greater London, TW8 0EX

1 & 2 bedroom apartments

£108,125 - £165,000 for a 25% share
£216,250 - £330,000 for a 50% share
£324,375 - £495,000 for a 75% share
£432,500 - £660,000 Full Market Value

Kew Bridge Rise Reserve a Shared Ownership home between the 13th July - 12th September for £99 and receive a £4,000 TUI Holiday voucher* Ready to move into now! Prices start from £108,125 for a 25% share of a 1 bedroom apartment. Full market value of £432,500.A brand new collection of 1 & 2 bedroom Shared Ownership apartments in Brentford. On-site amenities including a co-working space, a concierge, the resident's gym and podium gardens are now open. Just a 2 minute walk to Kew Bridge Station and 14 minute walk to Gunnersbury Station*.Unfamiliar with Shared Ownership?Under the Shared Ownership scheme, you part-buy/part-rent your home, making it possible for first-time buyers and families to get on the property ladder.The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidized rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%.Register your interestRegister your interest to be kept up to date with the latest information and to request a viewing.Please note all applicants are required to register with L&Q for Shared Ownership.L&Q terms and conditions apply. *Incentive terms and conditions apply. Incentive amount is based on the property type and development. For full terms and conditions visit lqhomes.com/terms-and-conditions. Shared Ownership terms and conditions apply. Prices start from £108,125 for a 25% share of a 1 bedroom apartment. Full market value of £432,500. Please visit lqhomes.com/shared-ownership for more information. Times obtained from Google Maps. Photos are for illustrative purposes only and may not represent a true likeness for the individual units being sold.

Shared ownership

Meadowpip House

by Bairstow Eves

Tottenham, Greater London, N18 2FG

2 bedroom apartments

From £111,875 for a 25% share
(From £447,500 Full Market Value)

Situated on the 7th floor, this beautifully presented two-bedroom apartment offers stylish, contemporary living with high-quality finishes throughout. The apartment features a sleek, handle-less kitchen finished in modern gloss cabinetry with Silestone worktops and matching upstands. A full range of integrated Bosch appliances includes oven, ceramic hob, extractor hood, fridge freezer, dishwasher and washer dryer, creating a streamlined and practical space ideal for everyday living and entertaining. The open-plan living area and hallway benefit from attractive oak wood-effect flooring, while both bedrooms are finished with neutral carpeting for added comfort. The principal bathroom is elegantly designed with large-format Porcelanosa wall and floor tiles, contemporary sanitaryware, chrome fittings, glass shower screen and a mirrored vanity unit, creating a luxurious yet functional space. Additional features include underfloor heating to all main areas (excluding bathroom), LED downlighting to living and wet areas, built-in wardrobes (where applicable), Sky Q and TV points, and a video entry system for added security. The apartment is covered by an NHBC guarantee for further peace of mind. Residents benefit from excellent communal facilities including a 12-hour concierge service, secure bicycle storage within the undercroft parking area, and limited parking available by separate negotiation. This superb seventh-floor apartment combines modern design, quality specification and convenience. Located just a stone's throw away from Meridian Water Train Station, with easy access to bus routes, shops, eateries, and the picturesque Walthamstow Wet Lands and Canal Ways. Why rent when you could buy: Is it now time for you to start paying your own mortgage instead of someone else’s? Compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised. Financial Breakdown: Full market value: £447,500 25% share value: £111,875 5% deposit: £5968.75 Monthly Rent on un-owned share £769.14 What is Shared Ownership? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder. *Please note images used in this listing are for illustration purposes and are not exact to the property.

Shared ownership

Woodside Meadows

by Manners & Harrison

Hartlepool, County Durham, TS25 1DF

3 & 4 bedroom houses

From £52,500 for a 30% share
(From £175,000 Full Market Value)

Seaton Meadows development is just a couple of miles from the coastal village of Seaton Carew. With great transport links, local amenities, attractions and outdoor spaces, this is an ideal place to invest in your future. The Amber The Amber is a spaciously-designed, semi-detached, three-bedroom family home. Built to a high-quality standard, this property boasts charming designs and modern décor along with energy efficiency throughout. On the ground floor, The Amber consists of a large, open-plan kitchen-diner with sizeable patio doors leading to the private rear garden. In addition, a convenient ground floor w/c accompanies a generously-sized lounge area. The first floor comprises a main bedroom with en-suite shower and washroom as well as two large double bedrooms, a family bathroom and landing with access to the loft space. Located in the lively town of Hartlepool, the new Seaton Meadows development is just a couple of miles from the coastal village of Seaton Carew. With great transport links, local amenities, attractions and outdoor spaces, this is an ideal place to invest in your future. Share advertised is 30% of the full market value of £175,000. The Sage The Sage is a semi-detached, three-bedroom family home offering space and elegance throughout. Built with energy-efficient materials to a high-quality specification, this property delivers superb designs, modern décor and excellent finishes. On the ground floor, The Sage offers a spacious open-plan Howdens fitted kitchen-diner with French patio doors leading to the private rear garden. There is also a convenient ground floor w/c, storage room and a generous-sized living area, along with outside parking for two vehicles. The first floor comprises a main bedroom with en-suite shower and washroom, a sizeable double bedroom and a single bedroom that could easily double as a home office. A family bathroom completes this home with full-height bath tiles, quality finishes and fitted vinyl flooring. Located in the lively town of Hartlepool, the new development of Seaton Meadows is just a couple of miles from the coastal village of Seaton Carew. Thanks to great transport links and no shortage of local amenities, attractions and outdoor spaces, this is an ideal place to put down roots. Share advertised is 30% of the full market value of £185,000. The Jade The Jade is a generously-designed, semi-detached, four-bedroom family home. Built to a high-quality standard, this property presents charming designs, modern décor and energy efficiency throughout. On the ground floor, The Jade comprises a spacious open-plan Howdens fitted kitchen-diner, a convenient separate w/c and a sizeable living area with large patio doors leading to the private rear garden. Outside of the property, you will also find a generous garage space and parking for an additional two vehicles. The first floor consists of a main bedroom with en-suite shower and washroom, another two large double bedrooms, a single bedroom and a stunning family bathroom with modern tiles, fixtures and fittings. Located in the lively town of Hartlepool, Seaton Meadows is a new development just a couple of miles from the coastal village of Seaton Carew. With great transport links, local amenities, attractions and outdoor spaces, this is an ideal place to put down roots. Share advertised is 45% of the full market value of £225,000.

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: