Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Stonecross Vale

by Snugg Homes

Winsford, Cheshire, CW7 3AD

2, 3 & 4 bedroom houses

£45,000 - £55,250 for a 25% share
(£180,000 - £221,000 Full Market Value)

Snugg Homes is delighted to present this fantastic new development in Winsford, Cheshire. The development comprises of spacious 2, 3 & 4 bedroom semi-detached homes. IMPORTANT INFORMATION – Please note, the service charge may be different for different house types. The service charge shown here is the highest amount payable PCM of any of the house types on Phase 4.

Shared ownership

Holdingham Grange

by Persimmon Homes

Sleaford, Lincolnshire, NG34 8YU

2, 3 & 4 bedroom houses

£95,000 - £156,000 for a 50% share
£190,000 - £312,000 Full Market Value

Welcome to Holdingham Grange – modern new homes in a prime location Set in a charming Lincolnshire market town, Holdingham Grange offers a wonderful collection of two, three, and four-bedroom homes for sale in Sleaford. Designed with premium finishes and energy-efficient features, these homes combine style with practical living. Stylish new houses to buy in Sleaford Holdingham Grange is more than just a place to live; it’s an exciting new community. Surrounded by green open spaces and including a play park kids will love, this thoughtfully planned development is perfect for families, professionals, and downsizers alike. New build homes with excellent transport links to Lincoln and Grantham Commuting couldn’t be easier as Holdingham Grange is just a short drive from the A15 and A17, providing easy access to Lincoln, Grantham, and Newark. Sleaford train station is less than 2 miles away, offering direct services to Nottingham and Peterborough, making work and leisure travel simple. Everything you need on your doorstep Sleaford is a thriving market town with a wealth of local amenities. From supermarkets and independent shops to leisure centres and healthcare facilities, everything is close by. Families will appreciate the excellent choice of schools, including several rated ‘Good’ by Ofsted. Explore the outdoors in Sleaford Enjoy the great outdoors with scenic walks and green spaces right on your doorstep. The development is bordered by ample green space, and nearby attractions like Cogglesford Mill and the River Slea offer the perfect escape for nature lovers. Ready to make your move? To explore our new houses for sale in Sleaford and start your new build journey, speak to one of our sales advisors today.This development offers the following schemes:New Build BoostDeposit Boost: 5% Deposit Contribution SchemePart Exchange your homeShared OwnershipOwn NewHome ChangeKey Worker ContributionForces Help to Buy Scheme: Support for British Armed ForcesBank of Mum and DadEarly Bird SchemeSchemes are available on selected plots only, subject to status, terms and conditions apply. Contact the development for latest information.Sleaford is large enough to be able to offer a great range of leisure options – you name it, it’s there! Football, rugby, athletics, golf and bowls. Sport is high on the agenda and all these clubs welcome new members. The town’s leisure centre is an excellent facility and the River Slea is another local asset. You’ll come across Cogglesford Watermill - a fully working mill - that will add a sense of history to your stroll along the riverside.Holdingham Grange offers quick and easy access to the area’s major road links, including the A15 and A17. The intersection of these two roads is a stone’s throw away. Sleaford also has the advantage of its own train station. Services to Grantham take approximately 30 minutes and from there East Coast mainline services will take you to London King’s Cross in about an hour and 15 minutes. Rail services to Lincoln take 30 minutes and other destinations include Peterborough and Doncaster. For a day by the seaside, the train journey to Skegness takes about an hour.Monday 10:00 - 17:00, Tuesday Closed, Wednesday Closed, Thursday 10:00 - 17:00, Friday 10:00 - 17:00, Saturday 10:00 - 17:00, Sunday 10:00 - 17:00

Shared ownership

Square Roots Lewisham

by Square Roots

Lewisham, Greater London, SE13 7BJ

1 & 2 bedroom apartments

£105,625 - £145,625 for a 25% share
£422,500 - £582,500 Full Market Value

SHARED OWNERSHIP HOMES IN LEWISHAM Square Roots Lewisham is a new Shared Ownership development designed to support a balanced modern lifestyle. It comprises an exclusive collections of 141 one, two and three-bedroom apartments, all located just a seven-minutes walk from Lewisham Station. PERFECT POSITION Excellent rail and DLR connections are within easy walking distance, offering fast and convenient journeys into central London and providing access to the capital's diverse cultural, retail and leisure destinations. YOUR HOME, YOUR WAY Lying next to the Ravensbourne River, every home will benefit from a private balcony or terrace. Residents on the upper floors will have views across the famous London skyline whilst others will look out onto newly-landscaped gardens below. For more information, please speak to our Sales Executives BOOK YOUR APPOINTMENT Square Roots Lewisham Sales Suite 1 Silver Road, SE13 7BJ

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: