Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Rosemary House

by Southern Housing New Homes

Esher, Surrey, KT10 9AA

1 & 2 bedroom apartments

£80,625 - £113,750 for a 25% share
£322,500 - £455,000 Full Market Value

1 bedroom apartments now available with lower prices and monthly costs! Looking for a place to call home in Surrey? Rosemary House is a boutique collection of one and two bedroom Shared Ownership apartments in the charming Surrey town of Esher. Located moments from the iconic Sandown Park Racecourse, these homes offer the perfect balance of town, country, and connectivity. Ready to move in now! Benefits of living at Rosemary HouseMonthly costs from £1,149†Parking space included with every homeStylish neutral kitchens with appliances includedElectric underfloor heating with individual thermostats for each room Main bedroom features mirrored built-in wardrobe with sliding doorsDirectly opposite Littleworth Common With just a limited collection of 11 apartments, Rosemary House is a hidden gem in the heart of Esher. Life here is about more than just the home itself. Spend weekends exploring nearby parks and green spaces, enjoying a coffee in Esher's charming town centre, or discovering local favourites in nearby Cobham, Weybridge and Kingston upon Thames. Whether you're meeting friends for lunch, browsing independent shops or getting out into nature, there's plenty to enjoy right on your doorstep. When the working week begins, Esher Station is just a nine-minute walk away and offers direct services to London Waterloo in around 30 minutes, making it easy to enjoy the best of both worlds: a relaxed Surrey lifestyle with excellent connections into London.Shared Ownership What are the benefits?Low deposit - you only pay from 5% of the share you are buying.Flexibility - you choose when you want to purchase extra share of your home. Accessibility - Shared Ownership helps you get a mortgage even with a lower salary.Lower costs - Monthly costs can work our cheaper than renting privately. To be eligible for Shared Ownership:Your household income must be no more than £80,000.You cannot own another property at the time of completing your purchase. You must have an offer on your current property to be able to reserve a new home.You must be over 18 years of age and able to obtain a mortgage. You can read our buying guides for more information or listen to our podcast for on the go learning!Register your interest and book a viewing to find out moreImages are for illustrative purposes only.†Total monthly cost includes the estimated monthly mortgage, rent and service charge. Rent increases annually and effective from 1st April each year based on the terms set out in the lease. Mortgage costs are based on a 95% repayment loan over 30 years with interest rate of 5.20% (this assumes you will be paying a 5% deposit). Affordability and eligibility criteria for 5% deposit apply. Please speak to an Independent Mortgage Advisor. Service charges are reviewed annually and are effective from 1st April each year. Service charge will increase year on year.

Shared ownership

Move in this summer for incentives up to £5,000*

Gadwall Quarter

by NHG Homes

Woodberry Down, Greater London, N4 2UQ

1 bedroom properties and 1 & 3 bedroom apartments

£112,500 - £246,250 for a 25% share
£450,000 - £985,000 Full Market Value

SELLING FAST - One-bedroom city apartments in Woodberry Down, Hackney Move in this summer for incentives up to £5,000* Gadwall Quarter blends modern living with natural serenity on the doorstep North London's biggest attractions. These Hackney homes are surrounded by lush greenery and nestled in the heart of Woodberry Down nature reserve - a hidden gem in Zone 2. This sought-after location grants easy access to London's cultural landmarks, entertainment venues, and shopping districts, ensuring you'll always have something new to explore. Whether you seek tranquillity in nature or excitement in the city, Woodberry Down offers it all. Gadwall Quarter's architectural masterpiece captures contemporary aesthetics while drawing inspiration from its surroundings, seamlessly integrating into this vibrant community. These premium apartments are built by Berkeley Homes as part of an extensive regeneration, and have been designed with the demands of modern day living in mind. Versatile, open-plan living spaces with luxurious modern touches throughout mean that you can create your perfect place to live, work and relax in the City you love. *Offer available on selected homes only. Terms & Conditions apply. See nhghomes.com/summer-incentives for more information.

Shared ownership

The Pottery

by Bairstow Eves

Nottingham, Nottinghamshire, NG16 4JG

2 & 3 bedroom houses

From £59,250 for a 30% share
(From £197,500 Full Market Value)

The Pottery in Langley Mill. Mix of Two and Three bedroom homes. Offering the ideal blend of comfort, practicality, and eco-conscious living, complete with energy efficient heating, solar panels plus an EV charging point included. This home comes complete with carpets and vinyl fitted throughout, so is move-in ready for when you complete. Don’t miss your chance to reserve this stylish home, call for details today. Situated in the sought-after parish of Langley Mill, northwest of Nottingham, The Pottery is a stylish modern development ideally located with everything you might need close by. A range of shops, restaurants and cafes nearby, mean you can easily pick up your daily essentials and catch up with friends over coffee or a bite to eat. Nottingham city centre is under 5 miles and offers a wider shopping experience, plus a host of attractions. Key Information: Example of Financial Breakdown, this example is for Plot 90, Two Bedroom home: • Full market value: £197,500 • 30% share value: £59,250 • 5% deposit: £2,963 • Rent charged on un-owned share: 2.75% • Monthly Rent on un-owned share £316.82 • Monthly Estimated service charge (Includes Buildings Insurance): £62.63 This key information document is to help you decide if shared ownership is right for you. Please note that the examples and figures are correct at the time of issue but will change over time in accordance with changes in house prices and the terms of the shared ownership lease. Computer generated images and photography are intended for illustration purposes only and should be treated as general guidance only. Please contact us for pricing information on other available plots.

Shared ownershipGreen features

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: