Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

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Benson Grange

by Legal & General Affordable Homes

Witheridge, Devon, EX16 8FD

2, 3, 4 & 5 bedroom houses and 2 & 3 bedroom bungalows

£149,375 for a 25% share
£104,000 - £166,000 for a 40% share
£207,500 for a 50% share
£200,750 for a 55% share
£200,600 for a 59% share
£200,600 for a 68% share
£260,000 - £597,500 Full Market Value

Welcome to the tranquil village of Witheridge, North Devon - homes available to move in now! A new collection of 2, 3, 4 & 5 bedroom houses and bungalows available with Shared Ownership. Located in the tranquil, rural village of Witheridge, Devon.Enjoy a laidback village lifestyle in the heart of the Devon countryside, Benson Grange is the perfect place to put down roots.There is a good selection of local shops, schools, community groups and clubs to get involved in, with a wider range of leisure facilities, restaurants and shopping opportunities in the local area.Tiverton is just over 10 miles away and the historic town of Exeter is approx. 20 miles away, with trains to Paddington taking under 3 hours.There are nearby local bus services, Lapford Station is 8 miles away, with close connections to the A361, A377 and M5.Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit. For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.Key Features2, 3, 4 & 5 bedroom Shared Ownership houses and bungalowsTranquil rural village locationSituated on the doorstep of both Exmoor and Dartmoor National Parks18 mins from the charming town of TivertonBrand new energy efficient homesPerfect for couples, families and downsizers looking for a peaceful place to call home WHAT IS SHARED OWNERSHIP?Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 10 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).Legal & General Affordable Homes are a Registered Provider offering these homes for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.ELIGIBILITY CRITERIA:To be eligible for a home at Benson Grange, you'll need to:Have a combined household income under £80,000 per annumNot already own a property, or part of a property, at the time of completing on your purchaseBe unable to purchase a suitable home to meet your housing needs on the open marketHave a minimum of £5,000 to cover the costs of buying a homeCustomers with a Live/Work or family Connection in the local parish will be prioritised If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.Council Tax: TBCCouncil tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.CGI images are a representation of some of the house styles in the development of Benson Grange

Shared ownership

Shepherds Green

by VIVID

Hordle, Hampshire, SO41 0FF

2 bedroom coach houses

£77,500 - £110,000 for a 25% share
(£310,000 - £440,000 Full Market Value)

At a Glance - Newbuild Shared Ownership - Leasehold with 990 year lease - Council Band: TBC (Find out more) - Predicted energy assessment ratings: TBC - Newbuild Warranty Provided - Local Applicants may have priority on this site and there may be a restriction on staircasing (up to 80%) - We may be required to discuss your application with the Local Authority - Current expected handover date from developers: February 2026 - Pets welcome Nestled on the edge of the New Forest National Park, Hordle offers the perfect balance of countryside charm and coastal living. A rare opportunity to buy a Shared Ownership home in such a beautiful location. There are many walking trails, cycling routes and areas of natural beauty to explore. This location is a short drive from Milton-on-Sea and Barton-on-Sea where there are beaches, pubs and many places to walk and explore. Hordle has some very useful amenities including local shops, a village school and welcoming pubs. Slightly further afield in Lymington, Christchurch and New Milton there are further shops and places to eat and drink. There are mainline rail services from New Milton, and road links to Bournemouth, Southampton and London for commuting and social life.

Shared ownership

The Cornish Quarter

by Linden Homes

Wadebridge, Cornwall, PL27 6AY

3 bedroom houses

£175,000 for a 50% share
£266,250 for a 75% share
£350,000 - £355,000 Full Market Value

Discover an impressive range of 3 & 4-bedroom homes at our new housing development in Wadebridge.Home to beautiful coastlines, luscious outdoor spaces and superb shopping facilities, our new homes for sale in Wadebridge make it easy to enjoy a relaxed pace of life in the heart of Cornwall. Living at The Cornish Quarter you'll have easy access to the nearby scenic Camel Trail as well as a choice of nearby beaches-perfect for outdoor enthusiasts and relaxed weekend strolls. In addition you'll find well-rated schools and nurseries nearby, making it a practical choice for growing families. What's more, with excellent road and rail connections, including the A30 and Bodmin Parkway station, travelling across Cornwall and beyond is simple and convenient. Considering Shared Ownership? â' Estimate your monthly costs today What's my budget? â' Calculate how much you could afford ...

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: