Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

So Resi Finchampstead

by SO Resi

Finchampstead, Berkshire, RG40 4BY

3 bedroom houses

£184,625 - £191,625 for a 35% share
£207,000 for a 40% share
£517,500 - £547,500 Full Market Value

Discover our Shared Ownership homes for sale in Finchampstead Nestled in the leafy town of Wokingham, SO Resi Finchampstead offers exceptional two and three bedroom houses available through Shared Ownership. The local area seamlessly blends countryside charm with modern living with over 140 acres of woods and grassland for scenic walks right on your doorstop. There is even an ancient Roman road nearby, nicknamed "The Devil's Highway". The location and size of these properties makes them ideal for professional couples and young families. Commuters can easily travel to Central London and neighbouring towns via the Wokingham and Crowthorne stations. There are also several local schools nearby. Our properties in Finchampstead We've designed these two and three bedroom houses with contemporary style, daily comfort and sustainability in mind. Each home features an open plan fitted kitchen with integrated appliances and a spacious private garden, where you can enjoy family time or a quiet morning coffee. Each bedroom is carpeted and has a fitted wardrobe for easy storage. Select homes also have a private driveway or an allocated parking space, with electric vehicle charging options available. Ready to continue your homeownership journey? Explore our FAQ page or contact us with your queries today. Benefit from Shared Ownership prices Our homes in Finchampstead are available through our Shared Ownership scheme, which means you could buy one with a deposit as low as 5% of the market value. Find out more about affordable housing through Shared Ownership with SO Resi today. Please note priority will be given to customers who live and work in the borough of Wokingham. Key features Private gardens Open plan layouts Fully integrated kitchen appliances Some homes with private driveways Private allocated parking with EV charging spaces Location Why choose Shared Ownership in Finchampstead? Finchampstead transport links Wokingham boasts excellent transport connections, making it a commuter-friendly hub. The town lies on the Southwestern Railway line, which offers regular services to London Waterloo, Reading and Gatwick Airport. By road, it's conveniently positioned near the A329(M) and M4, providing swift access to the M3, Heathrow Airport and beyond. Local community and culture Wokingham is an ever growing cultural hub, hosting local festivals and art initiatives, including the Mindset Unlimited Wellbeing Festival in Elms Field and the Wokingham Festival in Cantley Park. Dinton Pastures Country Park also hosts community events, including live concerts and weekend food festivals. Eat out or in Wokingham has dining options all over town, from cosy pubs to fusion restaurants. You can enjoy relaxed all day dining at the Sedero Lounge, or savour authentic Thai cuisine at Pad Thai - the Red Lion or grab a quick bite at It's Pizza Wokingham. If you prefer a light bite with a coffee, Sultan's Cafe is also right in the heart of town. Lush green spaces Between Dinton Pastures Country Park and California Country Park, Wokingham locals are spoiled for choice. Both areas are perfect for dog walking, wildlife spotting and family outings. The wider borough also boasts over 100 Local Wildlife Sites, including Winnersh Meadows and Woosehill Meadows, celebrated for their biodiversity and natural beauty. Excellent educational facilities Wokingham offers a diverse range of schools to accommodate children of all ages, from Walter Infant School and Nursery to The Forest Secondary School. Odyssey House School proudly provides a supportive education environment for the neurodiverse pupils. Meanwhile, Reddam House Berkshire offers private education from nursery through to sixth form.

Shared ownership

Older Person's Shared Ownership

The Maples

by Sanctuary New Homes

Lichfield, Staffordshire, WS13 8GS

2 bedroom bungalows

£76,250 for a 25% share
£305,000 Full Market Value

LAST PLOT REMAINING.......Available Now! Sanctuary is delighted to present The Maples, a brand-new collection of 2-bedroom bungalows for Older Person's Shared Ownership sale, in Lichfield. This brand-new residential development located in the quiet village of Streethay, Staffordshire - less than a mile away from the historic city of Lichfield is exclusively available for people aged 55+, via  Older Person's Shared Ownership sale. The Maples offers a countryside setting within easy reach of the town centre, making it an ideal location for those looking for a peaceful yet convenient lifestyle. Bungalows are thoughtfully designed and finished to the highest specification, providing comfort and style. Residents will also have free access to a gym on-site at Blackberry Court, as well as access to excellent communal facilities including a restaurant, community garden and hair salon. Older Person's Shared Ownership (OPSO), is an affordable option for those looking to own their home. Under this scheme, you can purchase between 10% and 75% of the home's open market value, paying no rent on the remaining share when you purchase 75%. Please note: all plots are advertised at a 40% share for advertising purposes only. If you'd like to find out more, make an enquiry today. Or, come and visit our Sales Office. We are open Mon - Fri, 10am - 5pm. *A monthly service charge of £388.14pcm applies

Shared ownershipRetirement

The Maples

by Persimmon Homes

Weston, Lincolnshire, PE12 6RA

2 & 3 bedroom houses

£80,000 - £115,000 for a 50% share
£160,000 - £230,000 Full Market Value

Welcome to The Maples – a welcoming community of beautiful new houses for sale in Spalding Nestled in the peaceful village of Weston, The Maples brings you a collection of two, three, four and five-bedroom homes designed for modern living. This development is all about space – both inside and out – with energy-efficient homes set against a backdrop of open countryside. A green heart at the centre of Weston living Life at The Maples revolves around its generous green spaces. At the heart of the development, you’ll find a large, landscaped area complete with a play park – a perfect spot for children to play and neighbours to meet. If you’re looking for new homes in Weston that put outdoor living first, this is the place. Well connected for work and play, close to Holbeach and Peterborough Despite its rural charm, Persimmon Homes' The Maples is just minutes from the A16, giving you easy access to Spalding, Holbeach and Peterborough. Spalding train station, only 4 miles away, offers direct services to Peterborough and Lincoln for stress-free commuting. Everyday essentials close by Weston has a village store and post office for daily needs, while Spalding offers supermarkets, schools and leisure facilities. Holbeach is also nearby for even more choice. Explore the outdoors in Weston Step outside and enjoy the Lincolnshire countryside, with scenic walks and cycle routes on your doorstep. For a change of scene, the Norfolk coast is within easy reach for family days out. Ready to make your move? To explore our new houses for sale in Spalding and start your new build journey, speak to one of our sales advisors today.This development offers the following schemes:Forces Help to Buy Scheme: Support for British Armed ForcesBank of Mum and DadPart Exchange your homeHome ChangeEarly Bird SchemeDeposit Boost: 5% Deposit Contribution SchemeArmed Forces, Key Workers & NHS Discount SchemeOwn NewNew Build BoostSchemes are available on selected plots only, subject to status, terms and conditions apply. Contact the development for latest information.The Post Office and Village Stores, Weston St Mary CE primary school and the community hall are all focal points in village life here. Spalding and Holbeach are conveniently close for a wider range of shops, services and secondary schools, including Spalding Academy and Spalding High School. The Springfields Shopping Outlet is just 3 miles away on the outskirts of Spalding and 5 miles away the superstore on the edge of Holbeach will cover all you might need. Spalding’s town centre adds cafés and independent shops to the list as well as leisure and health services, and a community hospital.Weston is a stone’s throw from the historic fens. This is a unique area just inland from The Wash, covering 500 square miles. Exploring this landscape will give you a real insight into the history of your local environment and the market towns that have played a part in life here. At the same time, you will be able to discover and enjoy all the walks and cycle routes that this area offers.For business and pleasure, the A15, A16 and A17 are the closest main routes that serve Weston, Lincolnshire and the East Midlands. Together, they connect with Peterborough, Kings Lynn, Sleaford, Lincoln and Grimsby. The A1 is a bit further to the west and is a great route if you want to travel even further afield. Stagecoach East Midlands operates the services that link Weston and the other villages in the area with Spalding and Kings Lynn. The nearest train station is in Spalding, 4 miles away, with services provided by East Midlands Railway.Monday 10:00 - 17:00, Tuesday Closed, Wednesday Closed, Thursday 10:00 - 17:00, Friday 10:00 - 17:00, Saturday 10:00 - 17:00, Sunday 10:00 - 17:00

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: