Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Netherhall Gardens

by DOMOVO / BPHA

Cambridge, Cambridgeshire, CB1 8AL

3 bedroom houses

From £167,750 for a 25% share
(From £671,000 Full Market Value)

Set just three miles from the heart of Cambridge, Netherhall Gardens offers the best of both worlds with modern living and natural beauty both at its fingertips. This collection of 3-bedroom homes offer more than just a place to live. With countryside views stretching for miles and Beechwoods Nature Reserve and Wandlebury County Park just moments away, it’s easy to enjoy life outdoors. You’re well connected with Cambridge Leisure Park and Cambridge train station within easy reach. Nearby top-rated schools and everyday essentials from Tesco to pharmacies to gyms, all add to the convenience, comfort, and natural beauty that makes Netherhall Gardens a truly special place to call home Pricing: Three bedroom semi-detached houses: prices from - £167,750 for a 25% share and £506,250 for a 75% share (Based on a full market value - £675,000). Monthly Service Charge: from £37.64 (This is an estimate only) Lease Term: 999 years £1,500 incentive by way of allowance upon completion. Initial shares available to purchase between 25-75%*. *(Your application will be affordability assessed by an Independent Mortgage Advisor to determine what share you can afford to buy). Specification: Kitchen - Woodbury White kitchen cupboards - Copper Slate worktop - Matt nickel wide bow handle - Built in oven, hob and cooker hood - Integrated dishwasher, washer/dryer and fridge freezer - White prismatic kitchen tiles - Comfytex vinyl flooring – Calais 548 Bathroom - Darwin Clay Matt tile to wet areas - Comfytex vinyl flooring – Calais 548 General - Smokestack carpet - Private garden - Plot 7 – 1 car parking space - Plot 8 – 2 car parking spaces - EV charging point provided - Air source heat pump system *We reserve the right to change the specification at any time. **For further advice on EV tariff and connection criteria, please speak to your Sales advisor ***Spaces to be measured on completion of the homes Please note that the internal images are virtually staged. The property comes unfurnished. A new community built around you At Netherhall Gardens, you’ll find a welcoming community designed with you in mind. Surrounded by green spaces, wildflower meadows, and peaceful nature walks, it’s a place to unwind, explore, and feel connected. With shared ownership, owning a home here is more accessible than ever. Well-connected for a greener commute. Netherhall Gardens offers excellent access to Cambridge city centre in only 9 minutes. From here you can catch the train to Stansted Airport in 37 or London in 1 hour and 25 minutes. Alternatively, Netherhall Gardens is situated just an 11 minute drive from the M11, providing direct access to both destinations and beyond. Shared Ownership, how does it work? If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share. In the future, you can purchase further shares in your home*** or sell your share and move on. *Properties are offered as leasehold, with a lease term of 999 years. **Shares offered are based on the affordability determined by an Independent Mortgage Advisor. ***Some properties are restricted to the level of share you can purchase. 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, could be from a previous phase, 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. All customer reviews were obtained by incentive. While we strive to provide accurate and unbiased reviews, we cannot guarantee that all information is accurate, complete, or up to date. Any reliance placed on such information is strictly at your own risk. Any interested party is encouraged to conduct their own research and make decisions based on their own individual circumstances. Please note: Your home may be repossessed if you do not keep up repayments on your mortgage

Shared ownershipGreen features

The Boatyard

by Sanctuary New Homes

Unstone, Derbyshire, S41 9DZ

3 bedroom houses

£104,000 - £124,000 for a 40% share
£260,000 - £310,000 Full Market Value

Available Now! We’re pleased to present the second phase of The Boatyard, a brand-new collection of contemporary 3 bedroom homes in the tranquil Derbyshire village of Unstone. This fantastic development has something to offer for both first-time buyers and growing families alike. High-quality finishes have been combined with thoughtful layouts and considerately designed interiors to create an attractive and welcoming community. Each home at The Boatyard is available to purchase via Shared Ownership, offering you an easier way to take that first step onto the property ladder.** Enquire today to find out more! **Share values advertised are indicative only. Depending on affordability, share percentages can range from 10% to 75%.

Shared ownership

Edwalton Fields

by Burchell Edwards

Edwalton, Nottinghamshire, NG12 4JE

2 & 3 bedroom houses and 2 bedroom bungalows

£81,250 - £91,250 for a 25% share
(£325,000 - £365,000 Full Market Value)

The scheme is built by Bovis Homes and the Housing Association is Amplius. Shared ownerships 25% - 75% available . Shares can be purchased with cash or mortgage and rent is then payable on remaining share The availability consists – 2 bedroom semi-detached bungalows- Full Market Value is £325,000 25% share = £81,250 50% share = £162,500 75% £243,750 2 bedroon semi-detached houses – Full Market Value is £325,000 25% share = £81,250 50% share = £162,500 75% share = £243,750 3 bedroom semi detached houses – Full market Value £365,000 25% share = £91,250 50% share = £182,500 75% share £273,750

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: