Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Regis Park

by VIVID

Bognor Regis, West Sussex, PO21 3FF

1 & 2 bedroom apartments

From £48,750 for a 25% share
(From £195,000 Full Market Value)

Regis Park is a new housing development in Pagham, near Bognor Regis, offering modern 1 & 2 bedroom apartments. Located in the coastal village of Pagham, just two miles from Bognor Regis town centre, Regis Park combines the charm of countryside living with easy access to seaside amenities. Residents can enjoy nearby Hotham Park, which offers a café, children’s play area, and mini-golf, as well as Bognor’s award-winning sandy beach and vibrant town centre filled with shops, restaurants, and entertainment. The area is well-connected by public transport, with direct trains to London Victoria and bus routes linking to Chichester and surrounding towns. Regis Park is ideal for families and individuals seeking a modern, energy-efficient home in a friendly and scenic community.

Shared ownership

McArthurs Yard SO

by Guinness Homes

Bristol, Bristol, BS1 6AN

2 bedroom apartments and 3 bedroom houses

£105,000 - £156,250 for a 25% share
£108,000 for a 30% share
£360,000 - £625,000 Full Market Value

FINAL SHARED OWNERSHIP HOMES - Don't miss out on the LAST selection of 1, 2 & 3-bedroom apartments/ duplexes.*Under 10 Shared Ownership homes remaining*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

Bedworth Rugby Club

by Midland Heart Housing Association

Bedworth, Warwickshire, CV12 0PS

3 bedroom houses

From £73,750 for a 25% share
(From £295,000 Full Market Value)

LAST PLOT : Brand new 3 Bedroom Semi-detached Houses available to buy on Shared Ownership. This new development is located off Smarts Road in the small market town of Bedworth in North Warwickshire. It offers convenient access to a wealth of amenities, including shops, cafes and schools and excellent transport links. • Affordable Homes – Exclusive to Midland Heart • 3 Bed Semi-detached House £73,750 for a 25% share • £1,000 Cashback^ available • 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 This energy efficient new home comes with an impressive specification as standard including flooring/carpets throughout, modern fitted kitchens with oven & hob, a private garden, solar panels, parking & EV charger. Bedworth is a charming market town in North Warwickshire which boasts excellent transport links, a good range of local amenities and a selection of schools. There are good regular bus services in and around Bedworth and the nearby A444 provides easy access to Nuneaton, the M6 motorway and Coventry. Prices 3 Bedroom £295,000 (100%) 25% share = £73,750 Rent = £507.03 Plus the following monthly charges: Management Charge: £22.00 Buildings Insurance: £19.76 Estate Charge: £13.60 **£1,000 Cashback^ available on selected plots. ^Subject to terms and conditions and only payable upon completion by specific date * 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 prices advertised are for our target share of 25% 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 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 ownership

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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: