Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Exclusive offers available*!

L&Q at Kidbrooke Village

by L&Q

Greenwich, Greater London, SE3 9GR

1, 2 & 3 bedroom apartments

£93,125 - £163,750 for a 25% share
£372,500 - £655,000 Full Market Value

Reserve a selected plot between the 2nd - 31st January to enjoy a 5% deposit contribution, whilst all other plots will receive £1,000 towards buying costs*Discover L&Q at Kidbrooke Village.A collection of 1, 2 & 3 bedroom Shared Ownership apartments in Kidbrooke, London. Prices from £93,750 for a 25% share.Register your interest now to find out more.About Kidbrooke Village Situated in the leafy green oasis of Kidbrooke SE3, a home at this development will offer you to escape and unwind from the demands of modern life. Built to a high specification, your new home will come equipped with a fully fitted kitchen featuring integrated appliances, built-in wardrobes to the master bedroom and outdoor space in the form of a balcony or terrace - everything you need for modern living.As well as having a wonderfully crafted new home, you will benefit from some outstanding onsite facilities, surrounded by landscaped gardens, acres of open parkland and a flourishing new community. Convenience is at the heart of Kidbrooke. The Village Centre is home to retail shops, a supermarket, coffee shop, dentist, doctor and pharmacy.Key features:Concierge available, as well as local gym facilitiesKidbrooke Station, Zone 3 on your door stepOnly 16 minutes to London Bridge & 19 to Waterloo EastOn-site doctor, dentist, pharmacy, Sainsbury's, Starbucks & farmer's marketLandscaped gardens and bright open spaces86 acres of open space and parklandPet-friendly environmentReady to move in now Viewings For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and by virtual tour. We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.What is Shared Ownership?Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%*Times taken from trainline.com Photography depicts typical L&Q Show homeL&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Deposit contribution is available on Plots G02, G04, G05, 104 & 108 at Petter House. Incentive amount is based on the property type and development. For full terms and conditions visit lqhomes.com/terms-and-conditions. Shared Ownership terms and conditions apply. Prices start from £93,125 for a 25% share of a 1 bedroom apartment at L&Q at Kidbrooke Village. Full market value of £372,500. Please visit lqhomes.com/shared-ownership for more information.

Shared ownership

Ashtree Grove

by Burchell Edwards

Hampton in Arden, West Midlands, B92 0BF

2 bedroom houses

From £100,000 for a 25% share
(From £400,000 Full Market Value)

Sometimes the perfect puzzle comes together when you least expect it. At Ashtree Grove, we've already put all the essential pieces in place for your ideal home, with this move-in ready two-bedroom home available from just £100,000 for a 25% share with only £5,000 for your 5% deposit. Introducing The Rosegate two-bedroom home, featuring modern open-plan living, premium flooring throughout and perfect for first-time buyers seeking style and functionality. Step into a bright and versatile open-plan space that combines the lounge, dining area, and kitchen. This adaptable living area is perfect for both quiet evenings in and entertaining family and friends. A convenient lobby provides access to the private rear garden and also leads to a guest cloakroom, while a discreet storage cupboard keeps your living space tidy and clutter-free. The entire ground floor features Amtico luxury vinyl flooring, adding a sleek, durable finish. The first-floor features premium carpeting, two double bedrooms, and additional storage spaces. The bathroom is also fitted with luxury Amtico flooring, creating a high-end feel across this beautiful home. Outside features a private turfed rear garden with a paved patio area and a garden shed for your outdoor storage needs. You will also benefit from two dedicated parking spaces with electric vehicle charging, supporting a future-focused lifestyle. SHARED OWNERSHIP WITH BROMFORD: It offers a simple, flexible approach to homeownership, making it easier than ever to own your own home in this sought-after location. You purchase the share of your dream home that suits you now and pay rent on the remaining share. When the time is right for you, you can buy more shares through a process called staircasing, increasing your ownership of the property until you own it outright. For more information visit our Home Ownership Hub. We follow Homes England Guidelines on First Come, First Served policies for Shared Ownership homes. Please visit our policies page for full policy details. PRICE EXAMPLE: Full market value - £400,000 25% share price - £100,000 Monthly rent based on a 25% share - £688 Deposit required - £5000 Monthly mortgage - £455 Monthly service charge - £34 Total monthly costs - £1,177 LOCATION: The village train station is just a 2-minute walk away, connecting you to Birmingham city centre in 14 minutes and even London Euston in just over an hour. Birmingham Airport is a mere 3-minute train ride making weekend getaways and holidays convenient - perfect for maintaining your work-life balance. Daily life is surprisingly convenient with a GP surgery, post office, library and gym all within walking distance. There are excellent secondary schools at Arden Academy and Tudor Grange Academy, as well as private education at Solihull School When you're ready to unwind, explore nearby nature reserves or enjoy the local White Lion pub just steps from your door. Best of all, shared ownership makes this lifestyle accessible now rather than years down the line, allowing you to enjoy a quality of life that often seems out of reach for many buyers in today's market. AGENCY NOTES: The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances. Due to the nature of construction room sizes, window positions, window and door styles, brick and tile colours, elevational treatments and external landscaping may vary. Purchasers are advised to satisfy themselves as to their accuracy and are not intended to be used for carpet sizes, appliance spaces or items of furniture. Floor areas are measured at widest point. Please speak with your sales consultant for individual plot, electrical, heating and kitchen spec information. Images for illustrative purposes only.

Shared ownership

The Key at Wood Green

by ISHA

Wood Green, Greater London, N22 6FA

1, 2 & 3 bedroom apartments

From £96,250 for a 25% share
(From £385,000 Full Market Value)

A development of two impressive apartment buildings set around a central communal garden, located in the heart of vibrant Wood Green

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: