Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

The Dukes @ Earls Croft

by Connells

Earl Shilton, Leicestershire, LE9 7DP

2 bedroom houses

£98,000 - £99,000 for a 40% share
(£245,000 - £247,500 Full Market Value)

Coming Soon to The Dukes at Earl's Croft - a stylish collection of Shared Ownership homes. Register Today! Key features: • Available to buy with Shared Ownership • Energy efficient homes • Symphony fitted kitchens • Flooring fitted throughout • Solar panels to each home • Parking with EV charging port includ • Turfed rear gardens • Downstairs W.C Our first phase release at The Dukes will be a collection of 8, two-bedroom homes, ideal for first time buyers. These brand-new homes at The Dukes in Earl Shilton, offer contemporary living with all the amenities you could want close by. Choose from an attractive range of energy efficient homes, each thoughtfully designed to provide bright, generous living space that adapts perfectly to entertaining, working, family time or simply kicking back in comfort - however you wish to live your life. When you buy new at The Dukes, you can look forward to all the benefits of an energy and cost-efficient home along with an exquisite finish you'll love. The ground floor of these stylish homes, benefit from an open plan design, which creates a connected space, perfect for modern living. The modern Symphony fitted kitchens, include soft close drawers and cupboards, include integrated fridge freezer, oven, hob and cooker hood, all beautifully finished with matching upstands and work tops. There's also a handy downstairs W.C and storage, both practical additions to any family home. Upstairs you'll find two double bedrooms, plus a modern family bathroom finished in neutral tones. Each home comes with parking with an EV charger included, plus solar panels - helping to reduce energy costs and your carbon footprint. What's more, with flooring fitted throughout and a ready turfed rear garden, these homes will be ready to enjoy from the moment you move in. How does SO work Shared Ownership could make owning your new home more achievable than you think. You purchase an initial share of between 10% and 75% of the property using your deposit and mortgage and pay a subsidised rent on the remaining share. The remaining share is owned by a housing association, such as Places for People, to whom you pay rent. In the future, you may have the opportunity to purchase additional shares in your home, in some cases up to 100% ownership. This process is known as staircasing. The more of your home you own, the less rent you pay on the remaining share. With a lower deposit and reduced mortgage requirements, Shared Ownership can help you step onto the property ladder sooner than you might expect. To find out if you're eligible for Shared Ownership call us for a chat. Location Located in the historic market town of Earl Shilton, The Dukes offers the benefits of living in a laid-back market town with good commuter connections to nearby larger towns and cities. You're well served by good road networks, with the M69 providing connections to the M1 into Leicester to the northeast and connecting to the M6 to the southeast into Coventry and Birmingham. For everyday essentials, Earl Shilton's High Street has everything you need, from cafes and coffee shops, places to eat, convenience stores and a supermarket. And if it's natural outdoor space, you're looking for the surrounding countryside has much to offer with Burbage Common and Woods Country Park and slightly further afield, Fosse Meadows Country Park. For a day out in a larger city, Leicester is within 10 miles and Coventry under 20 miles, both offering a range of leisure activities, great places to eat, extensive shopping plus a variety of places of interest. Agent Notes: All CGIs, visualisations, and artist impressions included in this listing are intended for illustrative purposes only. They do not form part of any contract or warranty. Final finishes, dimensions, landscaping, and design details may vary as part of the ongoing development process. Any furniture, décor, or accessories pictured are shown for staging purposes and are not included in the sale.

Shared ownershipGreen features

Living at EdCity

by Hammersmith & Fulham

White City, Greater London, W12 7TG

1 & 2 bedroom apartments

for a 25% share
(£127,500 - £143,750 Full Market Value)

Discover your new chapter at Living at EdCity, offering a collection of 84 Shared Ownership apartments in the thriving White City Innovation District. This contemporary collection of one and two bedroom and wheelchair apartments with private balconies, is part of the wider EdCity development and will be available to those that live or work in Hammersmith and Fulham. Moments from the former BBC Television Centre – now a lively destination offering dining, entertainment and a vibrant communal plaza where pop-ups and seasonal events bring the area to life – Living at EdCity sits at the heart of creative enterprise, surrounded by opportunities making this an exciting place to live. With two stations within a 10‑minute walk, Living at EdCity offers rapid connections on the Central and Hammersmith & City lines. And with Europe’s largest shopping centre, Westfield London, just a short stroll away; educational opportunities at EdCity on the doorstep; and White City’s thriving business district offering a wealth of career prospects, you might never want to leave! To purchase a Shared Ownership home at Living at EdCity, please first register with Hammersmith and Fulham Home Buy by creating an account. If you haven't already created one, please do so as soon as possible by clicking the below link: Then click the Register Now tab to begin. When creating your account, make sure to opt in for property alerts so you are notified once we advertise these properties on the Home Buy website. You must login and click on the advert to register your interest in it. This will ensure you are on the Hammersmith and Fulham Home Buy list of interested buyers. If you are eligible, you will be contacted so we can guide you through the next steps. 1 Bed Apartments: Open market value from £510,000.00 Share amount from £127,500.00 Share percentage from 25% Rent from £558 a month Service Charge from £308 a month Minimum deposit from £12750 2 Bed Apartments: Open market value from £575,000.00 Share amount from £143,750.00 Share percentage from 25% Rent from £539 a month Service Charge £375 a month Minimum deposit £14375 Disclaimer The open market value, service charge and rent are starting from prices and are unit dependent. Photos are for illustrative purposes only and may not represent a true likeness to the individual units being sold. We have taken all reasonable care to ensure the accuracy of the information provided on this page; however, it is intended for general guidance only and may be subject to change. The Council does not guarantee the accuracy or completeness of this information, and all details are provided for illustrative purposes. The Council undertakes continuous development, so specifications and particulars may vary over time. Nothing on this page constitutes a formal offer, invitation, or contract to purchase any property, and no reliance should be placed on the information provided. All plans, descriptions, dimensions, and measurements are approximate and for guidance only. This information is given without responsibility on the part of the Council.

Shared ownership

Amour Court

by Barnard Marcus

London, Greater London, NW10 7RW

1 & 2 bedroom apartments

£80,000 - £98,750 for a 25% share
(£320,000 - £395,000 Full Market Value)

WHY RENT WHEN YOU CAN BUY | Offering the best of open-plan living, this fantastic development of 1 & 2 bedroom Shared Ownership apartments is in one of the most exciting regeneration areas of London, conveniently placed in Zone 3, you'll benefit from excellent connectivity with access to cycle paths along the canal into London, a nearby bus stop, and plenty of London underground station options, allowing you to travel with ease, including the forthcoming HS2. Stylish indigo and white kitchen units provide plenty of space with fully integrated appliances including an electric oven, hob, extractor fan, dishwasher and fridge/freezer; a free-standing washer/dryer is located in the utility cupboard. Bedrooms are bright and spacious, with built in wardrobes offering plenty of storage. The development further benefits from peaceful communal gardens and private balconies to the apartments with far-reaching views. SHARED OWNERSHIP: You buy the share you can afford and pay rent on the share that's left. BENEFITS INCLUDE: Affordable monthly mortgage payments (compared to full ownership) | Ability to buy more shares in your home via staircasing | Opportunity to build your equity Shared Ownership could be for you if: You are over the age of 18 | Your household income is less than £90,000 | It will be the only property you own *Cash back is plot specific, T&Cs apply ask for details. Images and showreel for demonstration purposes 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: