Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Beaulieu Park

by Sage Homes

Chelmsford, Essex, CM1 6GR

1 bedroom apartments

£61,250 for a 25% share
£245,000 Full Market Value

Located in a popular area offering easy access to nature, you're just a short drive from Chelmsford’s vibrant city centre. Built by developers Countryside and perfect for first-time buyers and growing families, you’ll find lots to do close to home as well as great connections getting you to London in under an hour. Close by is Beaulieu Park Recreation Ground offering sports facilities, while bustling Chelmsford has restaurants, cafés, shops and more, meeting your every need. There are also two new primary schools and a secondary school as part of the development. Plus, the brand-new Beaulieu Park railway station will make commuting even easier, providing direct links to London and beyond right on your doorstep.

Shared ownership

First apartments available to reserve

Moat at Crown Hill View

by Moat Homes

Ashford, Kent, TN24 9QP

2 bedroom apartments

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

Shared ownership in Ashford | Moat Homes Crown Hill View Welcome to Crown Hill View, an exciting new development in the sought-after area of Kennington, Ashford. This peaceful, well-connected neighbourhood will soon offer a collection of 2 bedroom apartments, all available through shared ownership. It's a rare opportunity to step onto the property ladder in a location that perfectly balances green, village-style living with excellent access to Ashford’s transport links, including the M20 and high-speed rail to London. Whether you're looking for your first home or a spacious place for your growing family, Crown Hill View has something for everyone. Each home is thoughtfully designed to offer both comfort and style, in a community that feels calm, safe and welcoming. Set in a green and tranquil neighbourhood, Kennington is known for its tree-lined streets, local parks, and family-friendly atmosphere. Despite its quiet charm, Crown Hill View is just minutes from Ashford’s vibrant town centre, where you’ll find everything from shopping centres and restaurants to cultural attractions. With superb transport links and a location that offers both peace and convenience, Crown Hill View gives you the best of both worlds. First collection available to reserve - Register your interest These beautiful 2-bedroom apartments are now available to view and reserve. We are holding regular open days, so get in touch to book your appointment. Don’t miss your chance to buy in one of Ashford’s most desirable areas. Register your interest today!

Shared ownership

Keldview Rise

by Thirteen Group

Beverley, East Riding of Yorkshire, HU17 0XL

3 & 4 bedroom houses

From £25,000 for a 10% share
(From £250,000 Full Market Value)

Welcome to Keldview Rise We are thrilled to offer a beautiful range of 3 & 4-bedroom homes for Shared Ownership, exclusively built by renowned builder, Linden Homes in Beverley – a sought-after, historic town with an excellent choice of local amenities. These desirable new build homes are in the attractive and historic market town of Beverley – named in The Times list as one of the best places to live in the north. Located in the green, rolling countryside of Yorkshire's East Riding, Beverley benefits from a good choice of high street shops, as well as banks, supermarkets, a gym, library, and a host of places to eat and drink. Our new build homes for sale have easy access to A-roads and the nearest train station is just a short distance away. Commuters can easily reach Hull, Bridlington, and York, while families with children will find a good selection of Ofsted-rated schools for all ages within easy reach of home. With so many amenities nearby, the collection of houses for sale at Keldview Rise offers the perfect place for first or second time homeowners, growing families or those just looking for a change! Shared Ownership is the home buying scheme you never knew you needed. It’s simple. You buy what you can afford and pay rent on the rest.

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: