Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Allium Park

by Abri Homes

Ripley, Surrey, GU23 6HD

3 bedroom houses and 3 & 4 bedroom townhouses

£187,500 for a 25% share
£201,250 - £204,750 for a 35% share
£575,000 - £750,000 Full Market Value

Allium Park is a new collection of two, three and four bedroom homes set between the villages of Ripley, Send and West Clandon. You’ll have lots to explore nearby, with a choice of shops, pubs and eateries, plus a garden centre and farm shop. Ideal for commuters, nearby Woking train station provides excellent transport links direct to London in 24 minutes. Tenure: Leasehold. Length of lease: 990 years. Reservation fee: £500. Predicted council tax band: New build properties, band to be determined. Service charge is reviewed once a year. Customers must have a local area connection to Guildford and will be subject to prioritisation by the council, when buying selected homes at Allium Park. Please contact our Sales Executive for more information.

Shared ownership

Fiddington Fields

by Aster Homes

Tewkesbury, Gloucestershire, GL20 7UW

Last 2 bedroom house

£110,000 - £111,000 for a 40% share
£275,000 - £277,500 Full Market Value

SHARED OWNERSHIP AT FIDDINGTON FIELDS, TEWKESBURY, GLOUCESTERSHIRE.Situated on the outskirts of Tewkesbury, Fiddington Fields is a fantastic development of new homes in the county of Gloucestershire. We have a range of 2 and 3-bedroom homes coming soon for shared ownership sale - register your details with us for information!A TRUE COMMUNITY SPACEFiddington Fields 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 Fidddington Fields.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 Fiddington Fields 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 FIDDINGTON FIELDSClose 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 years SHARED 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 Fiddington Fields 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 Fiddington Fields 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.

Shared ownership

Horlicks Quarter

by SOWN Shared Ownership

Slough, Berkshire, SL1 3GX

1 & 2 bedroom apartments

£28,750 - £41,000 for a 10% share
(£287,500 - £410,000 Full Market Value)

Discover Aquifer House at Horlicks Quarter A stunning collection of brand-new 1 & 2-bedroom shared ownership apartments, thoughtfully designed to a high specification. These homes offer residents unparalleled access to an exceptional range of on-site facilities, ensuring your lifestyle is as comfortable and vibrant as your new home. Enjoy exclusive amenities including: A 12-hour concierge service Private cinema room Residents-only gym Dedicated home-working hub Rooftop garden with scenic views A stylish residents’ lounge featuring a cozy seating area, pool table, kitchen, and coffee bar Premium Quality Apartments Crafted by Berkeley Homes, these apartments are designed with meticulous attention to detail. Highlights include: Bosch integrated kitchen appliances Karndean timber-effect flooring in living areas Recessed LED lighting for a modern ambiance Audio/video door entry system for added security A 10-year Premier Guarantee for peace of mind A 990-year lease for long-term value A Historic Landmark Reimagined Set in the heart of Slough, Horlicks Quarter breathes new life into the iconic Horlicks Factory. Blending heritage and innovation, the development features beautifully refurbished historic buildings, modern homes, and carefully curated landscaped gardens with tranquil water features. The iconic Clocktower and chimney remain centrepieces of this vibrant new community. Unmatched Connectivity Perfect for commuters, Horlicks Quarter is just a 7-minute walk to Slough Mainline Station, offering: Elizabeth Line access and direct trains for fast, direct journeys to London Paddington in under 15 minutes and Bond Street in 30 minutes Easy access to the M4 (6-minute drive to Junction 6) Heathrow Airport reachable in under 20 minutes For leisure, Windsor Castle is a mere 5 miles away, along with the historic Windsor town centre and the Royal Windsor Racecourse. Horlicks Quarter – The Best of Modern Urban Living Combining high-quality homes, excellent facilities, beautiful gardens, and a prime location, this development offers a perfect balance of comfort, convenience, and style.

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: