Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Dovecote Grange

by Bairstow Eves

Clifton, Nottinghamshire, NG11 2AF

2 bedroom houses

£61,875 - £185,625 for a 25% share
(£247,500 - £742,500 Full Market Value)

Home of the Month - £1000 incentive towards costs upon completion if reserved within the month of June* Fairham is a vibrant new community in Nottinghamshire, offering the convenience of city living alongside generous green spaces, cultural amenities and excellent transport connections. Residents can enjoy the perfect blend of urban energy and peaceful green space, with Rushcliffe Country Park and Attenborough Nature Reserve close by. These scenic spots offer beautiful walking routes, diverse wildlife habitats, and plenty of space to relax outdoors. Shared Ownership: Shared Ownership is a fantastic option if you want to get onto the property ladder but can’t afford to buy a home outright on the open market. It helps reduce the pressure of saving for a large deposit and keeps monthly costs more manageable by lowering mortgage repayments. With Shared Ownership, you purchase a percentage of a home—typically up to 75%—and pay an affordable rent on the remaining share. When you’re ready, you can also buy additional shares over time, a process known as staircasing. *Offer valid at Dovecote Grange and available on Plot 69 only. Offer applies to reservations made before 30th June 26. No cash alternative is available. The incentive is capped at a maximum value of £1000. Incentive will be paid on legal completion only. The developer reserves the right to withdraw or amend the offer at any time. Please speak to a member of our sales team for full details.

Shared ownership

Edgware Parade

by Sovereign Network Group

Edgware, Greater London, HA8 7GD

1 & 2 bedroom apartments and 3 bedroom duplexes

£81,250 - £166,875 for a 25% share
(£325,000 - £667,500 Full Market Value)

Edgware Parade, a collection of 1 and 2 bedroom apartments plus 3 bedroom duplex apartments available through Shared Ownership. To support you, we’re offering up to £500 towards legal fees when you use our recommended solicitors. The development’s ultra-convenient central location, is a stone’s throw from Edgware tube station, offering easy access to central London, whilst boasting a diverse array of eating, shopping, and leisure experiences right on your doorstep too. A great place to effortlessly live life to its full potential, with the very best of urban living design. In addition to private outdoor spaces for every home, landscaped communal gardens are a perfect antidote to a busy lifestyle. There are also plentiful green spaces and countryside nearby, excellent schools, a vibrant community and regeneration in the London Borough of Barnet, making Edgware a highly sought-after, long-term postcode to call home.

Shared ownership

Priors Meadow

by Aster Homes

Southbourne, West Sussex, PO10 8QW

2 bedroom maisonettes

£114,000 for a 40% share
£285,000 Full Market Value

Shared ownership homes for sale in Southbourne, Sussex.Don't delay, get in touch with our sales negotiator Louise if you'd like any information on our shared ownership homes at Priors Meadow in Southbourne, coming soon. Please feel free to contact us; we're here for you, and will be on hand if you have any questions. Click to see more of our shared ownership Sussex developments.Homes for sale in Southbourne.Priors Meadow is located in Southbourne between charming Chichester and Emsworth on the Hampshire County border, making this the ideal place to call home. Southbourne has an approximate population of 4,155, it's location offers the calm country lifestyle with easy reach of nearby towns and cities.Where is Priors Meadow, Southbourne?Priors Meadow in Southbourne, West Sussex is perfectly placed with good transport links to Chichester, Emsworth and Portsmouth making this the perfect place to call home. The area is privileged to be close to Chichester harbour which is an Area of Natural beauty (AONB) along with ample walking trails, green open spaces and charming neighbouring villages to explore.Amenities near by:Southbourne, Sussex offers a variety of amenities that make it an ideal place to move to. The village boasts a range of local shops, including a Tesco Express, and several charming pubs like the Sussex Brewery and the Travellers Joy.For dining, there are a range of cuisines in the area, providing a dining experience to suit most tastes. Southbourne also has community facilities such as the Southbourne Village Hall and the Bourne Leisure Centre, offering spaces for events and activities.The village is well-connected by the A259 road, making commuting to nearby towns convenient. With its beautiful countryside setting, friendly community, and easy access to amenities, Southbourne is perfect for those seeking a peaceful yet connected lifestyle.Some of the travel connections and additional amenities below:Under 1 mile from Southbourne train stationUnder 1 mile from Southbourne surgeryUnder 1 mile from Loveders nursery school, Southbourne infant and junior schools.Under 1 mile from a Tesco ExpressUnder 2 miles from Prinsted beach5 highly regarded primary schools and 3 outstanding secondary schools nearby20-minute drive from Chichester and Portsmouth Interested in something to do?With so much to do and explore on your doorstep in Southbourne, you'll never be wondering what to do. The villages surrounding Chichester offer plenty to explore, Lauren shares her favourite spots here. Chidham circular walk to Bosham quay (be sure to check the tide times before heading out!) And Chichester itself is only a 20-minute drive. Chichester has something for everyone, from shopping at high street favourites or finding a beautiful boutique to the grandeur of the cathedral! Chichester has you spoilt for choice with restaurants, eateries, and bars. Renowned for its outstanding plays, musicals or cabaret nights, the Chichester Festival Theatre is a must! The village of Emsworth, Hampshire is under 10 minutes and is full of character and charm. West Sussex is full of culture and heritage.Shared ownership, the smart step in buying your home.You might have thought that the cost of houses in Sussex would be prohibitive in such a competitive market, but our homes in Southbourne are all for sale under our smart, simple shared ownership scheme.There are no catches -you just buy an affordable share, pay rent on the remaining amount, and increase your shares as your finances permit. It allows you to get your foot on the property ladder much more easily than buying outright. Learn more about shared ownership or You can learn more here, or just call us and we'll be happy to answer your questions.Make an Aster house your homeOur aim at Aster is to find you a home, not just a house - and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just contact us today!So, if you're ready to find out more about our houses for sale in Sussex, on the Priors Meadow development in Southbourne, get in touch with me, Louise, and I'll be delighted to help. As your local expert, just ring or fill in the form below and I'll answer all your questions.We also have additional shared ownership properties available throughout the South & South West, take a look at our other shared ownership developments too, to see if any other properties catch your eye.*While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.

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: