Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Cambourne West

by DOMOVO / BPHA

Cambourne, Cambridgeshire, CB23 6NN

2 & 3 bedroom houses

From £78,750 for a 25% share
(From £315,000 Full Market Value)

VIEW OUR BRAND NEW SHOW HOME Built by Taylor Wimpey and offered for Shared Ownership sale through Domovo, Cambourne West offers a collection of two and three bedroom homes set amongst a countryside backdrop. At Cambourne West, you will find modern, with elegant features and high specifications adorning every home. Inside, the rooms are spacious, offering beautiful kitchens and bathrooms with luxury finishes throughout. Two bedroom terraced houses: prices from - £78,750 for a 25% share (Based on a full market value - £315,000) Two bedroom link-detached house: prices from - £85,000 for a 25% share (Based on a full market value - £335,000) Three bedroom semi-detached houses: prices from - £98,750 for a 25% share (Based on a full market value - £395,000) Monthly Service Charge: £11.29. (This is an estimate only) Lease Term: 122 years Initial shares available to purchase between 25-75%*. *(Your application will be affordability assessed by an Independent Mortgage Advisor to determine what share you can afford to buy). About the homes The two & three bedroom homes include the following specification: Kitchen - Medford white kitchen cupboards - Copper Slate worktop with upstand - Stainless steel splashback - Oven, gas hob & integrated cooker hood - Space for free standing Fridge freezer and washing machine (appliances not provided) - Vinyl flooring Bathroom - Thermostatic shower over bath - Madagascar Blanco Porcelanosa wall tiles to wet areas - Vinyl flooring - Shower screen General - Manhattan taupe carpet to dry areas - Gas central heating - NHBC Warranty - Private garden with turf - Outside tap to houses - Allocated parking - Electric vehicle charging point We reserve the right to change the specification at any time. Please note that the external images are CGI - Guide only. The internal images are from our three bedroom semi-detached show home at the development. About the Area The perfect place to put down roots Cambourne West will be a place for everyone, a real cross-generational community where people of all ages can grow and prosper together. Shared green spaces will create the perfect opportunity for families, friends and neighbours to meet and socialise, whilst a variety of flexible commercial spaces will provide ample scope for new local businesses. The collection of quality homes is surrounded by beautifully landscaped open green spaces in which to walk, run and cycle. The many on-site amenities include a village centre, ponds, sports facilities, a community centre and a new primary and secondary school. Shared Ownership, how does it work? If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share. In the future, you can purchase further shares in your home*** or sell your share and move on. *Properties are offered as leasehold, with a lease term of up to 125 years. **Shares offered are based on the affordability determined by an Independent Mortgage Advisor. ***Some properties are restricted to the level of share you can purchase. Disclaimer The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only, could be from a previous phase, and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments. All customer reviews were obtained by incentive. While we strive to provide accurate and unbiased reviews, we cannot guarantee that all information is accurate, complete, or up to date. Any reliance placed on such information is strictly at your own risk. Any interested party is encouraged to conduct their own research and make decisions based on their own individual circumstances. Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.

Shared ownershipGreen features

White Post Street

by Hexagon Housing Association

Peckham, Greater London, SE15 1DR

1, 2 & 3 bedroom apartments

for a 25% share
( Full Market Value)

COMING SOON! An exciting new development from Hexagon Housing Association, where modern design meets the rich character of South East London on the junction of White Post Street, and New Cross Road, this vibrant new address offers 25 beautifully designed apartments. With this scheme, you can get on the property ladder by buying between 25% and 75% of your home to start with and paying rent on the rest. Later on, you can choose to buy more shares – step by step – until you own your home outright.

Shared ownership

Orbit Homes at Brookwood Meadows

by Orbit Homes

Pevensey, East Sussex, BN24 5DP

2 bedroom houses

£132,000 - £134,000 for a 40% share
£330,000 - £335,000 Full Market Value

Introducing Orbit Homes at Brookwood Meadows a collection of two, three and four-bedroom homes in Westham, East Sussex, available to buy through Shared Ownership. These thoughtfully designed properties offer a modern and affordable way to get onto the property ladder in a sought-after area. Located near the historic village of Pevensey and the scenic South Downs, the area combines countryside charm with everyday convenience. Excellent transport links include nearby Pevensey and Westham, Polegate, and Hampden Park railway stations, providing direct services to Eastbourne, Brighton, and London. The A27 is easily accessible for road travel. Local amenities such as schools, shops, and healthcare facilities are close by, making Brookwood Meadows a well-connected and desirable place to call home. Brookwood Meadows in Westham, East Sussex, offers residents a vibrant community enriched by a variety of local amenities. The area features essential services including a Tesco Express and Lidl supermarket, ensuring convenient shopping options. The community spirit thrives through local events, social clubs, and gatherings, fostering a welcoming atmosphere for all ages. With its blend of modern amenities and natural beauty, Brookwood Meadows presents an ideal setting for comfortable and connected living. Discover your new beginning at Brookwood Meadows and register your interest today!

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: