Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Haddon Green

by Sage Homes

Great Haddon, Cambridgeshire, PE7 3TB

4 bedroom houses

From £195,000 for a 50% share
(From £390,000 Full Market Value)

Sage Homes built by Linden Homes @ Haddon Green. 4 bedroom homes available for you to move into now, with Shared Ownership. Discover Great Haddon Wood – new homes development with expanding potential: Great Haddon Wood is a large parcel of land undergoing a significant program for new homes and building a new and thriving community with sustainability as a key part of its focus. - Future facilities will include primary and secondary schools, district centre for amenities, parks and allotments - You can enjoy life amongst the villages, with the option to venture into more bustling urban areas, with easy access to A1

Shared ownership

Blendworth Fields

by Abri Homes

Horndean, Hampshire, PO8 0DE

3 & 4 bedroom houses and 2 bedroom bungalows

£154,000 - £182,000 for a 35% share
£168,000 for a 40% share
£420,000 - £520,000 Full Market Value

Our marketing suite is open for you to visit on Thursdays between 10.00am and 4.00pm or book an appointment. Now 75% sold! Blendworth Fields is a new collection of three and four bedroom Shared Ownership homes set in the semi-rural village of Horndean. Tucked away at the edge of the South Downs National Park, you’ll have countryside walks and stunning views right on your doorstep. Fancy a bite to eat or some weekend shopping? Horndean offers independent shops, welcoming pubs and restaurants for every taste. With excellent transport links from nearby Rowlands Castle station, our new houses for sale in Horndean are perfect for commuters seeking a peaceful village lifestyle without losing city connections. Tenure: Leasehold. Length of lease: 990 years. Reservation fee: £500. Predicted council tax band: New build properties, band to be determined. Service charge is reviewed once a year.

Shared ownership

Alkerden Edge apartments

by Moat Homes

Ebbsfleet, Kent, DA10 1GT

1 & 2 bedroom apartments

£24,500 for a 10% share
£74,250 - £93,000 for a 30% share
£245,000 - £310,000 Full Market Value

Discover our brand-new collection of 1 and 2 bedroom apartments at Alkerden Edge, a peaceful new neighbourhood in Ebbsfleet Garden City. These homes combine modern design, energy efficiency, and a great location, all within small, low-rise buildings of just three floors. Each apartment includes private outdoor space - either a balcony or terrace - plus a parking space.Inside, you'll find bright, open-plan kitchen, living and dining areas designed for easy, contemporary living. These are brand-new apartments, built to the latest specifications, so you can move in with nothing to update or replace.Our Alkerden Edge apartments are in an excellent location - a short drive to Ebbsfleet International, where high-speed trains reach London St Pancras in just 18 minutes. A future urban park will be on your doorstep, offering green space for walks, picnics and play, while local shops, schools and amenities are all within easy reach.Show home viewing available: Wednesday 23 September, 2 - 7pmJoin us to explore our stylish 1 & 2-bedroom apartments and step inside our stunning show home. Experience the space, design and quality for yourself. Viewings are by appointment only.Book your viewing online at our next open evening

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: