Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Holyhead Road

by Midland Heart Housing Association

Coundon, West Midlands, CV5 8NA

2 bedroom houses

From £85,750 for a 35% share
(From £245,000 Full Market Value)

AVAILABLE NOW - Brand New Two Bedroom Houses available to buy on Shared Ownership. This new development is located off the Holyhead Road in the Coundon area of Coventry. This sought after location is within walking distance of the city centre, Alvis Retail Park & local amenities. • 2 Bedroom Houses - from £85,750 for a 35% share* • £1,000 Cashback^ available • A sought-after area within easy reach of Coventry city centre • A good range of local amenities & excellent transport links • Available on new Shared Ownership scheme with 990 year lease • Option to buy more shares to own 100% of the property in the future Our homes come with an impressive specification as standard including flooring/carpets throughout, modern fitted kitchens with oven & hob, a private garden and parking. Located in the popular suburb of Coundon with excellent bus & road links. Close to the Alvis Retail Park with a good choice of supermarkets & home/furniture stores within very easy reach. The centre of Coventry less than 1 mile away and also offers a good choice of amenities including high street stores, cafés, restaurants and bars. From music, theatre and festivals, to museums, Cathedrals and medieval history, the city has something for everyone. Price 2 Bedroom from £245,000 (100%) 35% share = £85,750* Rent = £364.95 Plus the following monthly charges: Management Charge: £22.00 Buildings Insurance: £17.30 Estate Charge: £5.75 ^£1,000 Cashback available on selected plots. Subject to terms and conditions and only payable upon completion by specific date (dependent upon plot). Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy. *The Price advertised is for our target share of 35% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale. Amount advertised is subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment. Images/photographs shown are for illustrative purposes only & simply represent a typical Midland Heart property at this location.

Shared ownershipGreen features

Abbey Grange

by Orbit Homes

Faversham, Kent, ME13 8YJ

Last 2 bedroom coach house

£112,000 for a 40% share
(£280,000 Full Market Value)

Introducing Abbey Grange, an exciting new development in one of Kent's most desirable market towns. The first release includes one 2-bedroom coach house, with anticipated build completion summer 2026, followed by further 2 & 3 bedroom houses into late 2027/2028. Available to purchase through Shared Ownership, these thoughtfully designed homes offer an affordable route onto the property ladder, combining comfort, quality and value in a sought-after location. Faversham is a thriving community known for its rich heritage, independent shops, bustling weekly markets, and welcoming atmosphere. The town offers an excellent choice of amenities, including supermarkets, cafés, pubs, leisure facilities, and green open spaces. Families benefit from several well-regarded schools in the local area, as well as accessible playgrounds and parks. For commuters, Faversham railway station provides direct services to London Victoria, London St Pancras International, and Canterbury, while the nearby A2 and M2 offer convenient road connections across Kent and beyond. Whether you’re a first-time buyer or looking for a new home in a well-connected and characterful town, Orbit Homes at Faversham is the ideal place to put down roots. Discover your new beginning and register your interest today.

Shared ownership

Hartley Acres

by Latimer Homes

Cranbrook, Kent, TN17 3LQ

2, 3 & 4 bedroom houses

£155,400 - £203,500 for a 37% share
£420,000 - £550,000 Full Market Value

Welcome to Latimer at Hartley Acres. These newly-built collection of homes boast 2-bedroom coach houses and 2, 3 and 4-bedroom houses, available with Shared Ownership in charming Cranbrook, Kent. Our selection of homes mean that you're sure to find the perfect fit whether you're looking to upsize, downsize, or take your first step onto the property ladder. - Fully inclusive specification. - Allocated parking. - Flooring throughout and carpet to bedrooms. - Underfloor heating to ground floor. Availability: Our first phase of two, three and four bedroom houses are now available to reserve!

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: