Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared Ownership Homes in Zone 2

The Acer Apartments

by Legal & General Affordable Homes

White City, Greater London, W12 7LU

Studio & 1 bedroom apartments

from £105,000 for a 25% share
£420,000 - £660,000 Full Market Value

Welcome to The Acer Apartments at White City Living - a collection of studio and 1 bedroom apartments set within eight acres of parks and gardens. This isn't just a place to live - it's your gateway to London.Zone 2 LivingWith two tube stations just moments away, reach Paddington, Oxford Circus and Bond Street in under 15 minutes. Whether it's business or pleasure, London's best is always within easy reach.Next Door to Westfield LondonStep out and into Europe's largest shopping destination. From designer boutiques to rooftop dining, everything you need is right next door.Green Space Meets City PaceEnjoy the calm of Hammersmith Park and Holland Park just a short walk away providing the best of nature and city living.Designed for Modern LivingEach apartment is thoughtfully designed with full-height windows, integrated appliances, and a private balcony. You'll also have a 24-hour concierge, estate management, and a 15th floor communal roof terrace.What is Shared Ownership?Shared Ownership offers you the chance to buy a share of your home (typically between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Shared ownership

Exclusively for those over 55

Mill View

by DOMOVO / BPHA

Hauxton, Cambridgeshire, CB22 5GA

2 bedroom apartments

From £167,500 for a 50% share
(From £335,000 Full Market Value)

THE MILL VIEW DEVELOPMENT IS 90% SOLD Shares available at 50% and 75% 50% - £167,500 75% - £251,250 Exclusively for the over 55s, at Mill View you have the luxury of a two-bedroom self-contained apartment, in a purpose-built community, offering you 24-hour security within the privacy of your own home. Mill View is designed to make your life as easy as possible with a choice of accommodation options. All apartments are set in a quiet location and include two bedrooms, private balconies or terraces, have a high specification kitchen with appliances, a wet room and flooring throughout. You are able to decorate and furnish your apartments to your taste and have visitors whenever you choose to. Mill View sits in the historical village of Hauxton, right on the banks of the river Cam. Historic monuments, houses and museums mixed with popular pubs and local shops create the perfect countryside location. Hauxton retains a rural charm and offers perfect opportunities for cycling, walking and exploring. There are shops and amenities in Great Shelford (approx. 3 miles) and further afield Cambridge offers a host of entertainment, leisure and shopping options. A weekly bus is provided directly from Mill View to a local supermarket for you to do your weekly shop. Mill View has been designed to enable residents to continue to live independently in modern apartments yet has provided warm and friendly community spaces, giving you the opportunity to make friends and become part of the Mill View community. At Mill View, our Scheme Manager will support residents to engage in the activities that they enjoy and work with you and your neighbours to build a vibrant community. One of the benefits of moving to one of these brand-new apartments is the freedom and liberation to leave your home in safe and secure hands if you decide to travel or visit friends and family. There are a range of onsite facilities and services including; tailormade friendly and professional care and support to suit your needs, an onsite rooftop restaurant which provides a 3-course lunch and can provide sandwiches for your evening meal*, 24-hour emergency response, landscaped communal gardens, a laundry room, mobility scooter store, lounge areas, parking and a hair salon and shop. *Included in your service charge fee. A typical two-bedroom apartment specification includes: - Fitted Elise gloss white kitchen with built-in Zanussi single oven, hob and extractor hood - Zanussi appliances - integrated dishwasher, fridge-freezer and washer/dryer. - Wood effect luxury vinyl flooring to kitchen/lounge/living and hallway - Open plan lounge/living area with balcony or terrace - Bathroom with walk-in thermostatic shower, toilet with concealed cistern plus grey Lakestone tiles on all walls and floors - Master bedroom is fully carpeted with second door leading to bathroom - Central Heating and Double-glazing throughout - Broadband/TV/satellite/radio/telephone points The price displayed is for a 50% share of the property's full price. Full Market Value of the property is £335,000. The property is subject to a monthly rent and service charge. There is no rent if a 75% share is bought. Service Charge (per month) - £682.04 (This is an estimate only) Monthly Rent - £383.86 (50% share) *Please be advised that the virtual tour and the imagery used is from our show home at this development. This property only comes furnished with advertised appliances. **A daily meal at the restaurant is included in the service charge costs. Speak to a sales advisor for further information. Disclaimer The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments. Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.

Shared ownershipRetirement

Aston Grange

by Shipways

Gaydon, Warwickshire, CV33 8AH

3 bedroom houses

From £82,500 for a 25% share
(From £330,000 Full Market Value)

Aston Grange features a beautiful selection of one and three-bedroom Shared Ownership homes, nestled in the picturesque Warwickshire countryside. Designed to meet the needs of first-time buyers, professional couples, and growing families, these homes offer the ideal balance of quality, affordability and location.

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: