Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Meadowpip House

by Bairstow Eves

Tottenham, Greater London, N18 2FG

2 bedroom apartments

From £111,875 for a 25% share
(From £447,500 Full Market Value)

Situated on the 7th floor, this beautifully presented two-bedroom apartment offers stylish, contemporary living with high-quality finishes throughout. The apartment features a sleek, handle-less kitchen finished in modern gloss cabinetry with Silestone worktops and matching upstands. A full range of integrated Bosch appliances includes oven, ceramic hob, extractor hood, fridge freezer, dishwasher and washer dryer, creating a streamlined and practical space ideal for everyday living and entertaining. The open-plan living area and hallway benefit from attractive oak wood-effect flooring, while both bedrooms are finished with neutral carpeting for added comfort. The principal bathroom is elegantly designed with large-format Porcelanosa wall and floor tiles, contemporary sanitaryware, chrome fittings, glass shower screen and a mirrored vanity unit, creating a luxurious yet functional space. Additional features include underfloor heating to all main areas (excluding bathroom), LED downlighting to living and wet areas, built-in wardrobes (where applicable), Sky Q and TV points, and a video entry system for added security. The apartment is covered by an NHBC guarantee for further peace of mind. Residents benefit from excellent communal facilities including a 12-hour concierge service, secure bicycle storage within the undercroft parking area, and limited parking available by separate negotiation. This superb seventh-floor apartment combines modern design, quality specification and convenience. Located just a stone's throw away from Meridian Water Train Station, with easy access to bus routes, shops, eateries, and the picturesque Walthamstow Wet Lands and Canal Ways. Why rent when you could buy: Is it now time for you to start paying your own mortgage instead of someone else’s? Compare the average rent in your area with the monthly cost of a shared ownership home you could be pleasantly surprised. Financial Breakdown: Full market value: £447,500 25% share value: £111,875 5% deposit: £5968.75 Monthly Rent on un-owned share £769.14 What is Shared Ownership? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder. *Please note images used in this listing are for illustration purposes and are not exact to the property.

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

85% sold - Final release now available

The Hue

by Fabrica

Hounslow, Greater London, TW3 3NR

2 bedroom apartments

From £147,500 for a 35% share
(From £421,428 Full Market Value)

85% sold now. Don’t miss out on the vibrant collection of 2-bed apartments at The Hue, available for Shared Ownership, located in the heart of Hounslow. Every home at The Hue is a thoughtfully designed 2-bedroom Shared Ownership apartment, featuring a bright open-plan kitchen, living and dining area that’s perfect for modern living. Each apartment benefits from underfloor heating throughout, Hyperoptic broadband availability, and a private balcony for your own outdoor space. The master bedroom comes complete with a fitted wardrobe and stylish en-suite, while higher floor apartments enjoy striking skyline views. With contemporary finishes and smart layouts, these homes balance comfort, style and convenience in every detail. Well Connected* Hounslow is ideal for commuters and culture lovers alike. The Hue offers excellent links to Central London while being surrounded by independent shops, cafés and restaurants.Hounslow Central Station - 6 min walk (Picadilly line)Hounslow Train Station - 11 min walk (South Western Railway)Heathrow Airport - 16 mins by TubeLondon Waterloo - 35 mins by trainPicadilly Circus - 38 mins by Tube Explore the green spaces & landmarks in the area Discover historic estates like Osterley Park and Syon Park, or unwind in the vast landscapes of Bushy Park, home to waterways, gardens and roaming deer. The area also offers Hounslow Heath and 10 local nature reserves, with the world-renowned Kew Gardens just a short journey away. Register your interest to find out more. *All times and distances have been taken from Google Maps All imagery is indicative only.

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: