Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Haddon Fields

by Cross Keys Homes

Great Haddon, Cambridgeshire, PE7 7AD

2 bedroom houses

From £130,000 for a 50% share
(From £260,000 Full Market Value)

The Great Haddon development is located in the southern suburbs of Peterborough in the village of Yaxley. Provision has been made for retail space, new primary and secondary schools, community facilities and more than 132 hectares of open space. Built by Countryside partnership's, Cross Keys Homes will be providing 66 shared ownership homes on the development, comprising of two and three bedroom homes. They are built to a modern specification and have something to offer everyone, from individuals, growing families & those looking to downsize.

Shared ownership

Homes ready-to-move-into now!

West Ham Village Shared Ownership

by Peabody New Homes

Newham, Greater London, E16 4SA

1 & 2 bedroom apartments

£108,125 - £125,000 for a 25% share
(£432,500 - £500,000 Full Market Value)

New Shared Ownership homes in West Ham, E16 - now launched!West Ham Village is a partnership with Berkeley's TwelveTrees Park offering unmatched connectivity to all over London, in a pocket of calm amongst a bustling community.TwelveTrees Park will be host to exceptional community-enriching amenities including restaurants, cafés and markets.The incredible development offers spacious, high-quality homes designed with your comfort in mind. What you get at West Ham Village:- Luxurious 1 & 2-bedroom homes with spacious open-plan layouts.- Wi-Fi-enabled park and gardens.- Community-enriching amenities.- Next to five key train lines. 3-minutes to Stratford, 7-minutes to Canary Wharf via the underground.Register your interest to find out more!

Shared ownership

Lloyd Park @ Port Loop

by Connells

Birmingham, West Midlands, B16 0AE

1 & 2 bedroom apartments and 4 bedroom houses

Prices coming soon

We’re welcoming you to our Connells Birmingham Estate Agency branch to explore the exciting new homes available at this brand new development. This is a great opportunity to view plans, discuss current availability, and learn more about how you can secure your new home and also make a reservation on the day. Our experienced team will be on hand throughout the day, along with independent financial advisors and solicitors, offering expert guidance and support to help you move forward with confidence. This event is strictly by appointment only, so be sure to book your place to avoid missing out. Lloyd Park at Port Loop is a landmark new Community just outside Birmingham city centre, offering a range of stylish Shared Ownership apartments and spacious four-bedroom family homes available to purchase outright - all thoughtfully designed for modern living. This canalside neighbourhood brings together contemporary homes, walkable streets and green open spaces all inspired by the legacy of Dame Hilda Lloyd, a pioneering Birmingham-born physician who transformed women’s healthcare and became the first female president of a UK medical royal college. Her dedication to progress, equality and care lies at the heart of this exciting new development. Whether you're a first-time buyer or a growing family, you’ll find smart layouts, sleek kitchens, energy-efficient features and space to live life your way — all just minutes from the buzz of the city. • 1 & 2-bedroom Shared Ownership apartments • 4-bedroom family homes available for private sale • Modern, flexible layouts designed for how you live • Sleek fitted kitchens with integrated appliances • Energy-efficient features for lower running costs • Stylish bathrooms and en-suites with quality finishes • Excellent transport links by road, rail and foot • Part of the wider Port Loop regeneration by Places for People LOCATION Located just over a mile from Birmingham city centre, Lloyd Park offers the best of modern urban living with a relaxed canalside setting. • Situated on the historic Icknield Port Loop • Approximately 30 minutes’ walk to central Birmingham • Close to Jewellery Quarter and Five Ways stations • Less than 2.5 miles from Birmingham New Street with direct trains nationwide • Quick access to the A4540 Ring Road and wider West Midlands • Surrounded by green spaces, parks and scenic cycle paths • Nearby schools, shops and essential amenities all within easy reach BUYING OPTIONS: • These stunning four-bedroom homes at Lloyd Park can be purchased via the open market with or without a mortgage. • With the government-backed Shared Ownership scheme, you can step on the housing ladder for less by purchasing a 10-75% share of a brand-new home. Your deposit and mortgage are lower than normal because they’re based on the share you buy not the full property price, so you can move sooner. You pay a subsidised rent on the share you don’t own, but the combined costs tend to be less than renting privately. You can also ‘staircase’ – increasing your share as finances allow. • Shared Ownership lets you live life your way in a secure home while investing for the future. Try our calculator for an idea of costs.

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: