Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Mulberry Place

by Aster Homes

Tewkesbury, Gloucestershire, GL20 7GR

2 bedroom houses

£116,000 for a 40% share
£290,000 Full Market Value

Homes for sale at Mulberry Place in Tewkesbury, Gloucestershire.Situated on the outskirts of Tewkesbury, Mulberry Place is a fantastic development of new homes in the county of Gloucestershire. A selection of 3-bedroom homes have just launched! Contact Hope today to register your interest. A true community spaceMulberry Place in Gloucestershire is a brand-new garden estate on the outskirts of Tewkesbury, alongside the soon to open Cotswold Designer Outlet. Within this incredible development will be a newly built primary school, sporting facilities, a modern community centre and plenty of stunning green space for you to enjoy.These incredible homes border the Cotswolds with access to the M5 just a couple of minutes away where you have near equal distances to either Birmingham to the North and Bristol to the South. Along with the fantastic commuter links, Ashchurch train station can be found just a short distance from Mulberry Place.Tewkesbury has everything you could possibly need including a large mix of shops, restaurants and leisure facilities. Ashchurch itself is an up-and-coming Parish town with a garden centre and Post Office so everything you need can be found on the doorstep.You will find that Mulberry Place is the perfect community focussed development.Tewkesbury historyTewkesbury is a medieval market town with a varied heritage which influences the town and the community today. The town itself is a mixture of Tudor and Georgian buildings with medieval tours on offer to learn all about the history.The Tewkesbury Abbey is a magnificent display of architecture well worth a visit and with the waterside offering boat trips exploring the Severn Ham and Tewkesbury nature reserve, you have a vast choice of days out nearby.Local to Mulberry PlaceClose Access to M5 and short distance to M50 JunctionAshchurch Primary School, a lovely GOOD rated PrimaryTewkesbury School, a larger than average GOOD rated secondary school with Sixth Form optionUniversity of Gloucester just 20 minutes down the roadBoth Bristol and Birmingham less than an hour's drive awayStunning walks around Beckford Nature Reserve and Parsons FollyWe have 78 beautiful homes being made available over the next 3 yearsShared ownership - the smart step in buying your home.You might have thought that the cost of houses in Tewkesbury would be prohibitive in such a competitive market, but our homes in Mulberry Place are all for sale under our smart, simple shared ownership scheme.There are no catches - you just buy an affordable share, pay rent on the remaining amount, and increase your shares as your finances permit. It allows you to get your foot on the property ladder much more easily than buying outright. You can learn more here, or just call us and we'll be happy to answer your questions.Make an Aster house your homeOur aim at Aster is to find you a home, not just a house - and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just contact us today!So, if you're ready to find out more about our houses for sale in Gloucestershire, on the Mulberry Place development in Tewkesbury, get in touch with me, Hope, and I'll be delighted to help. As your local expert, just ring or fill in the form below and I'll answer all your questions. Please note: you must have a local connection to Tewkesbury Borough Council either through residency, work or family to apply for this home. Please contact home for further information on this.*While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.

Shared ownership

Loddon Rise

by Flagship Homes

Loddon, Norfolk, NR14 6GS

2 & 3 bedroom houses

£65,000 - £76,250 for a 25% share
£260,000 - £305,000 Full Market Value

Loddon Rise is an exciting new development by Hopkins Homes, coming soon and offering a beautiful collection of thoughtfully designed homes in a sought-after location. Here, Flagship Homes will be offering a selection of two and three-bedroom shared ownership homes, providing an affordable route into homeownership

Shared ownership

Park View

by Blenheim Estate

Woodstock, Oxfordshire, OX20 1GB

1 & 2 bedroom apartments and 2 bedroom coach houses

£112,000 - £152,000 for a 40% share
(£280,000 - £380,000 Full Market Value)

Park View is an award-winning development built by Pye Homes on the edge of the historic town of Woodstock. Combining beautifully designed, energy-efficient homes with excellent access to local amenities, Blenheim Palace and Oxford. Park View offers a unique opportunity to enjoy modern living in one of Oxfordshire's most desirable locations. Shared Ownership homes are available, providing an affordable route into home ownership. Reserve and move in before Christmas and you'll also receive a moving package worth up to £6,500*, which could include: • Flooring throughout. • Payment of the first years’ service charge • A £500 John Lewis voucher • A Blenheim Christmas tree *Offer applies to reservations made and moves completed before Christmas. Terms & Conditions apply. Incentives of up to £6,500 available on selected plots for customers who reserve and move into their new home before Christmas. Terms & Conditions: • This offer is available on selected plots only. The value of the incentive is up to £6,500, depending on the plot and the share purchased. • Contracts must be exchanged within six weeks of reservation. • The offer applies exclusively to homes completing in 2026. • The incentive includes fitted flooring throughout the property. The flooring specification is Apollo Plus Carpet in Manhattan Taupe. • No cash alternative is available. • The offer is subject to the purchaser's mortgage lender accepting a builder's incentive. • The offer cannot be combined with any other promotion unless agreed in writing. • The offer is non-transferable and may be withdrawn or amended prior to exchange of contracts. • For more information, please speak with our property team.

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: