Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Arbor Park

by DOMOVO / BPHA

Bodicote, Oxfordshire, OX15 4UP

2 & 3 bedroom houses

From £86,250 for a 25% share
(From £345,000 Full Market Value)

Discover Arbor Park, an exceptional new development, offering a stunning collection of 2 & 3 bedroom shared ownership homes. Whether you're taking your first step onto the property ladder or looking to put down roots, shared ownership makes homeownership more accessible and achievable. Set in the beautiful north Oxfordshire countryside village of Bodicote, the Arbor Park development has been created to give its residents a sense of community. The homes have been designed to reflect the best of traditional house building, with many stylish touches, including underfloor heating, fibre optic broadband and electric car charging points. 2 bedroom semi-detached houses: prices from - £86,250 for a 25% share and £258,750 for a 75% share (Based on a full market value - £345,000) 3 bedroom semi-detached houses: prices from - £103,750 for a 25% share and £311,250 for a 75% share (Based on a full market value - £415,000) Monthly Service Charge: £67.67. (This is an estimate only) Lease Term: 999 years 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). About the homes The two & three bedroom homes include the following specification: Kitchen - Nobilia white kitchen cupboards - Havana Oak worktop with upstand - Stainless steel splashback - Built in oven, ceramic hob & extractor hood - Apollo Derby 162M – Vinyl flooring Bathroom - Thermostatic shower over bath - Munich White matt rect wall tile to wet areas - Apollo Derby 162M – Vinyl flooring General - Smokestack Carpets provided - Air source heat pump system - Private garden with turf and shed - 2 car parking spaces per plot - EV charging point provided *For further advice on the Air Source Heat Pump System and EV tariff and connection criteria, please speak to your Sales advisor. We reserve the right to change the specification at any time. Please note that the imagery shown are CGIs – Guide only. Immerse yourself in a vibrant village community Arbor Park offers more than just a home - it’s a place where connections are made, and a true sense of belonging thrives. Stroll through the local shops, relax in welcoming cafés, and enjoy the open green spaces that bring people together. With excellent schools, and a variety of sport and leisure options close by, everything you need is within easy reach. Whether you're exploring scenic countryside trails along the Oxford Canal, or soaking up the friendly atmosphere at the local pubs and restaurants, you’ll find yourself right at home in this inspiring community. Seamless commuting connections Arbor Park offers excellent transport links, making it easy to stay connected whether you’re commuting for work or exploring further afield. Banbury train station provides direct services to London Marylebone, Birmingham, and Oxford. There is also quick access to major road links into Oxford, Stratford-upon-Avon, the Cotswolds and the M40 motorway. 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 up to 999 years. ** Shares offered are based on business need. ***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 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. Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.

Shared ownership

2 & 3-bedroom houses just launched!

The Aviary Shared Ownership

by Peabody New Homes

Oxford, Oxfordshire, OX4 6DU

2 & 3 bedroom houses

£114,900 - £139,500 for a 30% share
(£383,000 - £465,000 Full Market Value)

Modern living in a peaceful, well-connected setting at The Aviary | Now over 50% soldThe Aviary offers a collection of 2 & 3-bedroom homes available through Shared Ownership in Oxford. Built with you in mind, our homes cater to modern living with high-spec finishes, fully integrated Zanussi appliances, private parking*, private gardens & more.So, whether you’re taking the exciting step of buying your very first home, or expanding your family and need extra space, we’ve got the ideal solution for you.Less than 5 miles away, you’ll find the historic city of Oxford which boasts a wealth of shopping, dining, entertainment and educational opportunities.*Limited parking spaces available on selected homes.*Images are computer generated and indicative of a typical Peabody New Homes show home.*Travel timings are taken from Google Maps.

Shared ownership

Ashlawn Rise

by L&Q

Bilton, Warwickshire, CV22 5QE

Last 3 bedroom house

£107,625 for a 40% share
£269,062 Full Market Value

A collection of 2 & 3 bedroom Shared Ownership houses in Rugby. Register your interest to find out more!Available exclusively through Shared Ownership, these properties feature a fully-inclusive specification throughout including fully integrated appliances and well-crafted cabinetry. What's more, each of these sizeable homes will come with flooring and allocated parking spaces.About the developmentAshlawn Rise is situated on the fringes of the popular town of Rugby. Perfectly located for both commuters and families alike, these spacious houses provide the perfect opportunity to step onto the property ladder. With numerous local amenities conveniently situated on the doorstep, daily life couldn't be easier, providing more time to get out and explore the beautiful surroundings or enjoy the array of restaurants and bars in the town centre. Unfamiliar with Shared Ownership?With Shared Ownership you purchase a share of between 25%*-75% of a home and pay subsidised monthly rent on the remaining share*. It's a great opportunity for anyone who is unable to afford to purchase a home outright on the open market but still wants to step foot onto the property ladder.Register your interestPlease note - you are required to register with L&Q for Shared Ownership. If you are registered with L&Q please register your interest today and our sales team will be in touch when we have more information available. *Images depict L&Q show home photography. Minimum share percentage may vary. Photos and CGIs are for illustrative purposes only and may not represent a true likeness for the individual units being sold.

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: