Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Ready to move into!

Vertex Edge

by PA Housing

Wandsworth, Greater London, SW11 3QG

1 & 2 bedroom apartments

£121,250 - £155,000 for a 25% share
£485,000 - £620,000 Full Market Value

Vertex Edge in Wandsworth is a skilfully designed development with a sophisticated specification offering 41 x one & two bedroom apartments on a Shared Ownership basis. Contemporary and comfortable, these new apartments combine a sleek exterior with stylish interior design and the highest standard of building techniques and materials. Benefiting from the area's excellent transport links, offering a quick commute throughout the capital and beyond these apartments are perfect for singles, couples and families.Offer: Now offering three months' rent & service charge paid for plus £1,000 towards defects! T&Cs apply*. Ask our Sales Executive for more information.*Offer subject to new reservations by 31 August 2026.Income Caps: A maximum household income threshold of £56,200 applies to some plots.Priority: You are no longer required to have a connection to either live or work in the Borough of Wandsworth in order to buy a property at Vertex Edge but priority will still go to those that live or work in the Borough of Wandsworth.Disclaimer: These details are for guidance only and do not form part of any contract. All photographs are for style purposes only. Some images are computer generated and are intended as general indication only. Specifications are subject to change. Details and landscaping may vary. All floor plans are approximate and not to scale. All distances and maps referred to are approximate and for general guidance only.

Shared ownership

Deposit Boost up to £7500*

The Key at Wood Green

by ISHA

Wood Green, Greater London, N22 6FA

2 & 3 bedroom apartments

From £126,250 for a 25% share
(From £505,000 Full Market Value)

Deposit Boost up to £7500* A development of two impressive apartment buildings set around a central communal garden, located in the heart of vibrant Wood Green.

Shared ownership

The Restorey, NW10

by Sovereign Network Group

Park Royal, Greater London, NW10 7SR

1 & 2 bedroom apartments

£80,000 - £116,250 for a 25% share
£320,000 - £465,000 Full Market Value

Ready to move into! 1 & 2 bed Shared Ownership apartments located in the heart of the Old Oak and Park Royal regeneration area, set to be one of the capital’s most vibrant districts. Last remaining! 1 bed apartments Reserve a home and get £5,000 to help with your move!† With the excellent amenities and connected central location, these homes are the ideal first step on the property ladder if you want your own space or your family is growing and you’re ready to be part of this emerging community. The apartments enjoy spacious open-plan living and dining areas featuring premium flooring and kitchens in on-trend colour indigo and white. Each home has a well-equipped kitchen with Zanussi electrical appliances to include: single fan oven/grill, ceramic hob, integrated dishwasher, integrated fridge/freezer, free standing washer/dryer (located in utility cupboard). Chic floor-to-ceiling windows onto balconies, terraces or winter gardens, provide plenty of light. Bedrooms include plush grey wool-mix carpets, and stylish sliding wardrobe to main bedroom. Bathrooms are designed with Roca bath, shower base, sink and WC that look sleek and contemporary. Park Royal is a vibrant and diverse neighbourhood with plenty to offer residents. The Restorey is located just north of Central Middlesex Hospital in the London Borough of Brent. A large local Asda superstore is roughly a 7-min walk from the development, bank and bakeries are a few minutes’ walk away, providing for your everyday needs From trendy cafes and restaurants to convenient shops everything you need is right at your doorstep. Explore the nearby green spaces for a leisurely stroll or head to the nearby tube station for easy access to the rest of London. The Restorey is a car free development with no parking. However the convenient location in zone 3, means that living here will offer you excellent connectivity. With access to cycle paths along the canal into London, a nearby bus hub and plenty of London underground station options, you can get around quickly, easily, and sustainably. Harlesden station on the Bakerloo line is close by and provides access to Baker Street, Oxford Street, Charing Cross and Waterloo. • 12 minute walk to Harlesden station - Bakerloo line^ • 11 minute bus to North Acton station - Central line^ ^Travel times are approximate and taken from Google maps. Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary. Sovereign Network Group is charitable. †Cash back available when you reserve specific apartments, the amount is removed off the completion funds & eligibility criteria applies. Shared Ownership T&C’s apply. See sng.org.uk for details.

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: