Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Collaton Park

by Coln Signature Homes

Newton Ferrers, Devon, PL8 2PF

1 & 2 bedroom bungalows

£191,250 - £266,250 for a 75% share
£255,000 - £355,000 Full Market Value

Collaton Park is a visionary new community set in the heart of the South Hams, seamlessly blending sustainable, design-led homes with the breathtaking countryside that surrounds it. Offering a rare combination of contemporary living and traditional village charm, this exceptional development is more than just a collection of homes - it’s a thriving, inclusive community where residents can truly feel connected. Every aspect of Collaton Park has been carefully considered to enhance both lifestyle and well-being, from energy-efficient homes designed with modern living in mind to thoughtfully planned green spaces that celebrate the natural beauty of the South Hams landscape. The Chestnut is one of our Horizon properties, exclusively available for those over 55 years old. Collaton Park offers two types of Horizon properties, The Chestnut and the Hawthorn. The Chestnut is a single storey one bedroom home while The Hawthorne is a two bedroom home set over two floors. Both are designed with low maintenance in mind and are perfect for those looking to downsize to something more manageable. We welcome you along to take a look around, we have a four bedroom detached show home and three bedroom detached view home available to view Wednesday to Saturday between 10am and 5pm.

Shared ownershipRetirement

McArthurs Yard SO

by Guinness Homes

Bristol, Bristol, BS1 6AN

1, 2 & 3 bedroom apartments and 3 bedroom houses

from £83,125 for a 25% share
£332,500 - £625,000 Full Market Value

FINAL SHARED OWNERSHIP HOMES - Don't miss out on the LAST selection of 1, 2 & 3-bedroom apartments/ duplexes.All new homes are now ready to move in!There are 120 new-build apartments available through Shared Ownership, allowing you to buy part of your home - the part you can afford - and pay rent on the rest. Featuring high-quality one, and three-bedroom new shared ownership apartments, located by Bristol's famous harbourside. McArthur's Yard offers a range of stylish properties for sale in Bristol across three modern buildings.With Shared Ownership, you share the cost of buying your home - you pay for the share you own, and then pay a subsidised rent to your landlord, Guinness Homes (a leading housing association). Residents can enjoy the vibrant city life while appreciating the tranquillity of the waterfront. A new home with shared ownership here, secured with a lease, is an exceptional choice, and Guinness Homes will partner with you to share this exciting step.Why choose this Bristol property?McArthur's Yard is ideally situated for exploring the harbourside and is one of the best locations in Bristol for young professionals looking to buy. You may be able to find specific housing options here that perfectly suit your needs, even if you've previously considered areas like Bishopston and found them out of reach. You can catch the Metrobus, visit local coffee shops, take a peaceful ferry ride across the harbour, or simply step out your door to begin your adventure.The harbourside provides numerous activities and convenient access to events and festivals in Bristol, complemented by excellent transport links, including proximity to Temple Meads train station. Over time, as the property value increases, you'll typically have the option to buy more shares, meaning you'll own more and pay less rent.This project is brought to life by Guinness Homes, an award-winning developer and housing provider. It represents one of the last undeveloped spots on the harbourside. Many homes available offer superb views and are just a short walk from the city's amenities.This development is car-free, meaning residents cannot apply for parking permits or use street parking nearby. For exceptions to this or more information, please speak to a member of the sales team. This policy complies with Local Authority planning conditions and cannot be changed by Guinness. Development scope and tenure subject to change.

Shared ownership

Heritage Green

by Fulfords

Exeter, Devon, EX2 8TS

2, 3 & 4 bedroom houses

£67,500 - £156,250 for a 25% share
(£270,000 - £625,000 Full Market Value)

FINAL RELEASES NOW SELLING AT HERITAGE GREEN, ALPHINGTON, EXETER! The affordable way to buy with less deposit and a lower mortgage*; Heritage Green offers a selection of spacious Shared Ownership homes, perfect for a wide range of buyers. Exeter city centre is just 11 minutes’ drive providing a great selection of education, retail, employment, sport and leisure. 2 bedroom homes from £108,000 based on buying at 40% share 4 bedroom homes from £130,000 based on buying at 25% share 5 bedroom home at £156,250 based on buying at 25% share These homes will feature: Stylish specification Carpets & flooring throughout Integrated appliances Parking Solar Panels

Shared ownershipGreen features

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: