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Shared ownership houses

Hampton Woods

by Persimmon Homes

Peterborough, Cambridgeshire, PE7 8US

2 & 3 bedroom houses

£94,000 - £155,000 for a 50% share
£188,000 - £310,000 Full Market Value

Welcome to Hampton Woods – modern living on the edge of Peterborough Set less than three miles south of the city centre, our new houses for sale in Peterborough offer a choice of one, two, three, four and five-bedroom homes in the thriving family-friendly community of Hampton. Here, you can enjoy great local amenities, relaxing green spaces and easy access to the city and countryside beyond. All you need is close by in Peterborough From high street shops to large supermarkets such as Tesco, M&S and ALDI, everything you need is within easy reach. Schools, parks and leisure facilities are all within walking distance, making this a great location for growing families and professionals alike. Beautiful countryside right on your doorstep Hampton Woods is a tree-lined community that makes the most of nature, with plenty of green space for evening walks and weekend fun. It also has Beeby’s North Lake, a popular spot, right next door. Enjoy quick journeys into Peterborough’s bustling centre, explore the many nearby parks or head out into the beautiful Cambridgeshire countryside. Well-connected for work and play With the development just off London Road, you’ll have a direct route into the city. The Fletton Parkway and A1 offer easy commuter links across the region, whether you’re travelling for work or weekend getaways. Ready to make your move? To explore our new houses for sale in Peterborough and start your new build journey, speak to one of our sales advisors.  What3Words: ///snack.scoping.studs This development offers the following schemes:New Build BoostDeposit Boost: 5% Deposit Contribution SchemePart Exchange your homeShared OwnershipOwn NewHome ChangeKey Worker ContributionForces Help to Buy Scheme: Support for British Armed ForcesBank of Mum and DadEarly Bird SchemeSchemes are available on selected plots only, subject to status, terms and conditions apply. Contact the development for latest information.Aldi Hampton – 0.1 miles Serpentine Green – 0.5 miles Tesco Extra Hampton – 0.5 miles Queensgate Shopping Centre – 3.4 milesHampton Community Park – 0.2 miles Vivacity Hampton Leisure Centre – 0.5 miles Crown Lakes Country Park – 0.7 miles Peterborough WakePark – 1.0 milesHampton Bus Station – 0.5 miles Fletton Parkway – 1.1 miles A1(M) – 1.8 miles Peterborough Railway Station – 4.0 milesMonday 10:00 - 17:00, Tuesday 10:00 - 17:00, Wednesday 10:00 - 17:00, Thursday 10:00 - 17:00, Friday 10:00 - 17:00, Saturday 10:00 - 17:00, Sunday 10:00 - 17:00
Shared ownership

Bamford Park

by RA Bennett

Leamington Spa, Warwickshire, CV33 8BN

2 & 3 bedroom houses

From £117,000 for a 40% share
(From £292,500 Full Market Value)

Bamford Park in Lighthorne, just south of Leamington Spa is a brand new development of 2 and 3 bedroom semi-detached and terraced homes available to purchase for shared ownership with *5% deposit paid developer incentive available. All homes are available to purchase with shared ownership, in the village of Lighthorne located in heart of the Warwickshire countryside. This delightful village has a local shop for your essentials and a pub where you can relax over a drink. There are several schools close by, Lighthorne Heath Primary School and 5 miles away Kineton High School, both Ofsted rated ‘Good’. Southam College is just 10 miles away and is regarded by Ofsted as ‘Outstanding’. Situated approximately 6 miles from the Royal town of Leamington Spa, and a short distance to Warwick, Stratford upon Avon and further afield Banbury. You will find plenty to see and do, from shopping, dining, enjoying a drink or taking in the local history. There are plenty of recreational facilities to suite all ages in the surrounding areas, including the British Motor Museum, Warwick Castle, The Royal Shakespeare Theatre, race courses in both Warwick and Stratford, leisure centres and cinemas to name but a few. Banbury is easily accessible from Bamford Park, just down the M40 motorway, where you’ll find a retail park with several large high street stores. With the M40 being less than 2 miles away from these new homes, this provides transport links to Oxford, Birmingham, Banbury and London. The nearby A46 takes less than 30 minutes to reach Coventry. Birmingham airport is approximately 45 minutes away by car via the M40/M42. The train station at Leamington Spa has regular connections to London Marylebone. Local buses passing through Lighthorne take you to Leamington, Kineton, Stratford, Fenny Compton, Gaydon and Banbury (No 77 & 77A) Price example: Plot 50 (Kirk Housing Type) Share price based on 40% Full market value - £292,500 Share price - £117,000 Rent per month (inclusive of service charges) £450.41 Lease term 125 years Minimum deposit required £5,850 Disclaimer – Please note that an 80% staircasing restriction applies to these homes What is shared ownership? Shared Ownership is a government-backed scheme designed to help people who cannot afford to buy a suitable home outright. It’s often described as part-buy, part-rent: • You buy a share of your home (usually between 10% and 75%) • You pay rent to Citizen on the share you don’t own • You’re an owner-occupier and hold a lease on the property Benefits of Shared Ownership • A lower deposit and mortgage compared to buying outright • The opportunity to increase your share over time (known as staircasing) • More security than private renting • The chance to benefit if your home increases in value Shared Ownership is usually available if: • Your household income is £80,000 or less (or £90,000 or less in London) • You cannot afford to buy a suitable home on the open market • You have a good credit history and enough savings for a deposit (usually 5–10% of the share you’re buying) • You can afford the ongoing costs of owning a home Existing homeowners may still be eligible, but you’ll normally need to be selling your current home and show that it doesn’t meet your needs. Disclaimers: 5% deposit paid at Bamford Park. This incentive is not in conjunction with any other offer, and is based on the advertised share only and not increased share percentages you may be able to afford to buy. Select images in this listing have been digitally enhanced or virtually staged to show how the home could look when furnished. Actual property layout, finishes, and features may vary.
Shared ownership

Cholstrey Road

by Connells

Leominster, Herefordshire, HR6 9AL

2 & 3 bedroom houses

From £60,000 for a 25% share
(From £240,000 Full Market Value)

Stonewater is proud to present a collection of two- and three-bedroom semi-detached houses for shared ownership on the outskirts of Leominster. Located on Cholstrey Road, to the west of the town, these new homes benefit from being close to both Leominster’s amenities as well as the glorious open countryside of the Marches. All of the properties benefit from allocated off-road parking and are fitted with PV solar panels which can help to reduce carbon emissions as well as reduce utility bills. The two bedroom homes have a spacious living/dining room at the back which looks out on to a private rear garden, a separate kitchen and a useful cloakroom with WC and hand basin on the ground floor. Upstairs are two good-sized double bedrooms and a contemporary style family bathroom. Occupying a larger footprint, the three bedroom properties also have a spacious living/dining room, a separate kitchen and a cloakroom on the ground floor, whilst upstairs are a family bathroom, two double bedrooms and a single bedroom which could easily serve as a home office. Price example two bedroom homes: Full Market Value - £240,000 40% Share Price - £96,000 Monthly Rent - £330 Service Charge - £64.26 Minimum Deposit Required - £4800 Price example three bedroom homes: Full Market Value - £300,000 40% Share Price - £120,000 Monthly Rent - £412.50 Service Charge - £67.54 Minimum Deposit Required - £6000 Shared Ownership: Shared Ownership is a scheme which enables you to buy a share of a property subject to affordability whilst paying a subsidised rent on the remainder. The more of the property you own, the less rent you pay. This means that monthly outgoings are split into part mortgage and part rent. Once you have bought your initial share, you may be able to purchase the remainder of the property as and when your circumstances change. This is an optional process known as Staircasing. All shared ownership properties are leasehold and therefore usually attract a service charge. In the case of houses, the freehold would usually be transferred to you on 100% Staircasing (subject to lease restrictions) The service charge will include buildings insurance as well as a charge for the cleaning and/or maintenance of any communal areas such as car parks, greenspaces and so on. Maintenance of lifts (where installed) as well as communal grounds in the case of flats may also be included. In some cases, an external organisation may be set up to maintain aspects of communal areas therefore customers may be required to make contributions to a Management Company. Lastly, there may be a requirement to contribute towards something called a reserve fund which is designed as a contingency to cover the costs of any large prospective works. For details about any particular development, please contact us. The Local Area: The development is within convenient walking distance of Leominster town centre, and the wide range of independent shops, cafes, restaurants and pubs the town has to offer. Everyday food shopping is made easy by the proximity of a large Morrisons supermarket less than a mile away. Leominster is also a popular market town, with several regular markets including the Leominster Charter Market, which takes place every Friday in the town’s Corn Square. Corn Square is also the venue for a monthly farmers’ market, held on the morning of the second Saturday each month. And finally, Leominster celebrates its Annual Food Fayre on the first Saturday in September. Schools in the area include a number in outlying villages such as Kingsland, Luston and Stoke Prior; closer to home is Leominster Primary School for pupils aged three to 11-years-old and rated ‘Good’ by Ofsted, and Earl Mortimer College and Sixth Form Centre for pupils aged 11 to 16-years-old and also rated by Ofsted as ‘Good’. Sports enthusiasts are well catered for by Leominster Leisure Centre, a complex which houses a gym, two swimming pools as well as squash, badminton and tennis courts. Gentler outdoor pursuits such as walking, with or without a canine companion, or simply taking in the nature are available at Queenswood Arboretum and Country Park, a few miles outside of the town. This 120-acre area of ancient wooded landscape has at its heart a 47-acre arboretum, which is decorated with spectacular cherry and magnolia blossom in Spring, and flaming red, orange and yellow maple and oak foliage during the Autumn, and is one of the Marches’ more popular seasonal attractions. Leominster is well served by a number of local bus routes as well as its own railway station to the east of the town. Located on the Welsh Marches Line, regular direct rail services operate from the station to Hereford (15 minutes travel time), Cardiff Central and Manchester Piccadilly (one hour and 17 minutes, and two hours travel time respectively). Agents Notes: Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.
Shared ownershipGreen features
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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:

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

Shared ownership providers

The following housing associations and developers have shared ownership properties available throughout the UK which you can enquire via this website: