Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Broad Street Green

by Delta Housing

Heybridge, Essex, CM9 4FN

1 bedroom houses

From £87,500 for a 35% share
(From £250,000 Full Market Value)

One bedroom new-build houses situated on the Bellway section of the Westcombe Park development in Heybridge. Situated next to the historic market town of Maldon, Westcombe Park in Heybridge is a new community of homes set in a semi-rural location. Westcombe Park is surrounded by woodland and farmland but is still well-connected, with convenient access to shops, schools and a wide range of other amenities in both Heybridge and Maldon.

Shared ownership

Roman Park

by VIVID

Whitchurch, Hampshire, RG28

3 bedroom houses

From £101,250 for a 25% share
(From £405,000 Full Market Value)

- Apply now! - 3 bedrooom homes available to buy with Shared Ownership in Hampshire. - Pets are allowed in all of our homes - Local applicants may have priority for these homes. Staircasing details are still to be confirmed so could be subject to staircasing restrictions. We are confirming some details with the Local Authority which could mean you waiting a few weeks to hear from us. Roman Park is a new development of 3 bedroom homes, in the picturesque town of Whitchurch. Whitchurch is a very desirable place to live, it sits next to the River Test and is full of historic charm, whilst being well placed for the convenience of modern living. Whitchurch is the smallest town in Hampshire with early industrial roots starting with mills trading in silk, grain, wool and paper. Whitchurch still remains a busy town with an excellent selection of shops including traditional butchers and bakers, supermarket, specialist retailers, pubs and restaurants. There are many attractive buildings on its pretty streets and local residents are proud of this unique town, which is filled with character and history. Roman Park surrounding location If you travel a little further afield you’ll discover the North Wessex Downs, miles of beautiful rolling countryside with ancient hamlets. If you prefer to stay closer to home you can take a walk along The Mill Trail alongside the River Test, taking in the historic mills on the way. There are good schools close by, Testbourne Community School, specialises in the performing arts and is rated as ‘outstanding’ in the most recent OFSTED report. For younger children Whitchurch C of E Primary School is located less than a mile away. Whitchurch offers a great range of amenities and travel links, with Whitchurch Train station just a four minute drive away* and access to the A34 is just 15 minutes’ drive*, providing access to larger towns such as Newbury, Andover and Reading. Basingstoke is just 22 minutes* drive away and you can access a large number of high street retailers inside Festival Place shopping centre, a range of restaurants and supermarkets including Waitrose and Sainsburys. Roman Park travel links Whitchurch Train Station is 4 minutes’ drive* Basingstoke City Centre is 23 minutes’ drive* Winchester City Centre is 18 minutes’ drive* Testbourne Community School is 3 minutes’ drive* Tesco Express is 2 minutes’ drive* Whitchurch C of E Primary School is 5 minutes’ drive* *Source - Google Maps - 28 January 2022 We know you’d love to view our new homes, but due to COVID19 we are only able to arrange viewings for those people who have applied for a home (completed the application form) and have passed the eligibility assessment, so we know we can progress the sale. We can also only arrange a viewing if we have the keys for a property so until we have taken handover, the builder still owns the property and access to the homes is limited for health and safety reasons. Thank you for your patience. Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary. For full details of specific plots, please refer to one of our Sales Team members.

Shared ownership

Goddard Street

by Guinness Homes

Crewe, Cheshire, CW1 3FB

2 bedroom houses

£82,000 for a 40% share
£205,000 Full Market Value

Discover Shared Ownership in Crewe at Goddard Street. A beautiful community in the Cheshire town of Crewe.Get a £1,000 voucher when you reserve by 14th of February.*This brand-new collection of 2 bedroom Shared Ownership houses in Cheshire. They are just moments away from the vibrant town centre, but with the benefits of living in a residential community of homes. They feature a private rear garden and allocated parking.The LocationCrewe is ideally situated for country walks, bike rides and fishing. The local entertainment includes theatres, dining, and retail. It is the perfect place to call home for families and first-time buyers alike.When you move to Crewe, take advantage of the excellent transport links. Crewe's historic train station is one of the biggest and best connected in the Northwest. You can enjoy the best of all worlds - not just great local amenities. There are fast connections to stunning rural settings and major cities such as Manchester, Liverpool, and London, for work and play.*Incentive Terms & Conditions: The incentive is for new reservations and would be offered in the form of a shopping e-voucher provided by Guinness Homes. E-voucher's will be via John Lewis, or alternative provider, at Guinness Homes' discretion. Incentive is valid for reservations before 14th February 2026 and completions made by 31st March 2026. Speak to the sales team for further information or visit guinnesshomes.co.uk/offers.

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: