Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Limebrook Way

by Delta Housing

Maldon, Essex, CM9 6XB

1 & 2 bedroom apartments and 2 bedroom bungalows

£19,000 - £36,500 for a 10% share
£190,000 - £365,000 Full Market Value

A selection of one and two bedroom maisonettes and two bedroom bungalows for Shared Ownership situated on the Crest Nicholson Wycke Place development in Maldon.

Shared ownership

Dock Makers Quarter

by Southern Housing New Homes

Shoreham by Sea, West Sussex, BN43 6DX

1, 2 & 3 bedroom apartments

£65,000 - £100,000 for a 25% share
£260,000 - £400,000 Full Market Value

Dock Makers Quarter has now launched off-plan! Be one of the first to step inside this brand-new collection of Shared Ownership homes in the heart of Shoreham-by-Sea. Book your viewing today and come and see what life at Dock Makers Quarter could look like.Now launched are 1, 2 and 3 bedroom apartments, designed for modern coastal living. Think morning coffees, beach walks, riverside strolls, independent places to eat and drink, and that relaxed Shoreham lifestyle people love.Benefits of living at Dock Makers QuarterCoastal living in Shoreham-by-SeaFinished to a high specification throughout, with stylish contemporary interiorsClose to Shoreham-by-Sea train stationPrivate outdoor space to homesBeaches, riverside walks and green spaces nearbyGreat connections to Brighton, Worthing, Gatwick Airport and London Victoria At the heart of Dock Makers Quarter is a collection of one, two and three-bedroom Shared Ownership apartments. Each home has been thoughtfully planned with open-plan living spaces, contemporary kitchens, modern bathrooms and a clean, neutral finish throughout. With practical layouts, quality finishes and private outdoor space, these homes offer the perfect setting for relaxed coastal living.Shared OwnershipWhat are the benefits?• Low deposit - you only pay from 5% of the share you are buying.• Flexibility - you choose when you want to purchase extra shares of your home.• Accessibility - Shared Ownership can help you get a mortgage even with a lower salary.• Lower costs - monthly costs can work out cheaper than renting privately.To be eligible for Shared Ownership:• Your household income must be no more than £80,000.• You cannot own another property at the time of completing your purchase. You must have an offer on your current property to be able to reserve a new home.• You must be over 18 years of age and able to obtain a mortgage.You can read our buying guides for more information or listen to our podcast for on-the-go learning!CGIs/computer generated images are for reference only.Local AreaShoreham-by-Sea offers the best of coastal living, combining seaside calm with everyday convenience. The town is home to a close-knit community, independent places to eat and drink, local shops, green spaces and a beautiful coastline. From Shoreham Beach and Kingston Beach to the River Adur, Buckingham Park, there are plenty of places to walk, relax, cycle or enjoy time outdoors.The area also has a strong creative and cultural feel, with the Ropetackle Arts Centre nearby and regular local events bringing the community together. Whether you are looking for beach walks, watersports, riverside views or easy access to Brighton and beyond, Shoreham-by-Sea offers a lifestyle that feels relaxed, connected and full of character.Transport at Dock Makers QuarterTrainShoreham-by-Sea Station is close by, connecting you to:Brighton in 15 minutesWorthing in 9 minutesGatwick Airport in 41 minutesLondon Victoria in 76 minutesEast Croydon in 59 minutesPortsmouth & Southsea in 68 minutes Shoreham-by-Sea is also well connected by road, with easy access to the A27, A259 and nearby routes towards Brighton, Worthing, the South Downs and the wider Sussex coast.All distances and timings are taken from Google Maps and National Rail and are to be taken as an estimate.

Shared ownership

St Gregory's

by Dixons

Redditch, Worcestershire, B98 0JL

3 bedroom houses

£127,000 - £136,000 for a 40% share
(£317,500 - £340,000 Full Market Value)

Welcome to St Gregory's, an exclusive collection of contemporary three bedroom homes available through Shared Ownership with Green Square Accord. This attractive development offers an affordable route onto the property ladder, allowing purchasers to buy an initial share between 10% and 75% and pay a rent on the remaining share. Buyers have the opportunity to staircase to 100% ownership in the future, at which point the property will become freehold. Price example: Plot 12 (House Type B) Share price based on 40% Full market value - £317,500 Share price - £127,000 Rent per month (inclusive of service charges) £460.88 Lease term 990 years Minimum deposit required £6,350 These spacious family homes have been thoughtfully designed to provide modern living accommodation across two floors, combining energy efficient features with practical family living. Each home benefits from a fitted kitchen complete with oven, hob and extractor hood, gas central heating, contemporary white bathroom suite with shower over the bath, solar panels, EV charging point and a fully turfed rear garden. Externally, every property enjoys a private rear garden together with two allocated parking spaces. This well-proportioned home offers two floors of flexible living accommodation, perfectly suited to modern family life. The ground floor comprises a welcoming entrance hall with convenient downstairs cloakroom/WC, separate fitted kitchen and a generous open plan lounge/dining room spanning the full width of the property. The bright and spacious living area provides ample space for both relaxing and dining, with French doors opening directly onto the rear garden, creating an ideal space for entertaining and family living. To the first floor, the landing provides access to three bedrooms and the family bathroom. The principal bedroom is a spacious double room overlooking the front of the property, whilst bedroom two offers a further generous double bedroom. Bedroom three provides an ideal nursery, child's bedroom, dressing room or home office. The modern family bathroom is centrally located and fitted with a contemporary white suite with shower over bath. Outside, the property benefits from a private rear garden and two allocated parking spaces. Location: Perfectly positioned within the established residential area of Winyates, Redditch, St Gregory's offers the ideal balance of modern family living and everyday convenience. The development is surrounded by a wealth of local amenities, highly regarded schools, green open spaces and excellent transport connections, making it particularly appealing to first-time buyers and growing families. Residents benefit from a range of nearby shops, supermarkets, takeaways, community facilities and services within Winyates itself, while Redditch Town Centre is just a short drive away, offering a comprehensive selection of retail, leisure and dining options, including the popular Kingfisher Shopping Centre, home to over 150 shops, restaurants and entertainment venues. For families, the area is well-served by a number of respected schools, including Tenacres First School, Roman Way First School, Ipsley C of E Middle School and Arrow Vale High School, providing education options for children of all ages. Agents note: an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead·

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: