Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Coming soon

Brickmakers Place

by Orbit Homes

Woolpit, Suffolk, IP30 9YX

2, 3 & 4 bedroom houses

Prices coming soon

**LAUNCHING WINTER 2025 - REGISTER YOUR INTEREST!** We are delighted to introduce this limited collection of 2, 3 and 4 bedroom affordable homes at Brickmakers Place in Woolpit, positioned between Bury St Edmunds and Stowmarket. In this thriving village with a range of amenities on your doorstep, surrounded by peaceful countryside and the larger towns conveniences just a short drive away, you’ll have it all at Brickmakers Place. All carefully designed and built with our all-inclusive specification, these homes offer a fantastic opportunity to own your own home, as they will be available exclusively with Shared Ownership, the part-buy part-rent scheme, making home ownership more affordable. We expect them to sell fast, so register your interest to receive more information as its released! • A range of 2, 3 and 4 bedroom homes available Shared Ownership • Well served village location just 9 miles from Bury St Edmunds and 7 miles from Stowmarket • Wide range of amenities within the village including a primary school, tea room, hotel, garden centre and village hall • Just 5 minutes’ drive from Elmswell train station, connecting you to London in an hour and 40 minutes • Convenient road links with the A14 less than a mile away from the development • All-inclusive specification with flooring and turf included! • Electric Vehicle charging points and enhanced insulation to all homes • Air Source Heat Pumps and underfloor heating to the ground floor • Our homes are covered by a 10-year NHBC Warranty

Shared ownershipGreen features

Cygnets Rest

by Rooftop Housing Group

Drakes Broughton, Worcestershire, WR10 2HB

2 & 3 bedroom houses

Prices coming soon

* COMING SOON SHARED OWNERSHIP HOMES IN DRAKES BROUGHTON* Rooftop Housing Association, in conjunction with Kendrick Homes is pleased to advise of the impending release of 4 shared ownership homes (1 x 2 bed and 3 x 3 bed homes in Drakes Broughton. This well designed development will offer village living with a wildlife ponds, orchard and recreational open space nearby. Each home will combine modern layouts with quality finishes, creating comfortable energy efficient living in a well connected location. Cygnets Rest, is located on the outskirts of the popular market town of Pershore and just 10 minutes from the bustling historic city of Worcester, it is a village known for its rural charm, community atmosphere, and convenient location to the A44 and junction 7 of the M5 motorway. The village offers a blend of traditional countryside appeal and modern conveniences, with easy access to footpaths, two pubs, a village hall, and a recreation ground, providing a peaceful setting with essential amenities. There is a excellent range of schools throughout Worcestershire. Drakes Broughton offers in the centre, St Barnabas C of E First and Middle School which caters for children between the ages of four and twelve plus there are several other good primary schools within a 5-mile radius. The closest Secondary options are at Evesham, Pershore and Worcester which boasts the excellent King’s School and popular Royal Grammar School as well as Tudor Grange Academy and Nunnery Wood High School Local Connnection Criteria will apply. REGISTER YOUR INTEREST NOW TO ENSURE YOU ARE KEPT UP TO DATE WITH THIS EXCITING DEVELOPMENT ‍Price list will be added when properties are released for off plan reservation.

Shared ownership

Westwood Point

by Linden Homes

Margate, Kent, CT9 4FG

3 bedroom houses

£185,000 - £187,500 for a 50% share
£370,000 - £375,000 Full Market Value

A development of 2, 3 and 4 bedroom new build homes all thoughtfully designed to fit around your lifestyle. Offering a range of purchase assistance schemes including shared ownership on selected homes, there is something for everyone, wherever you are on the property ladder.Westwood Point in Margate is a perfect place to lay down roots with excellent surroundings, close to the coast and a host of amenities and schools on your doorstep. With the new Thanet Parkway train station open you're only 70 minutes away from central London.To find out more about making one of our new homes for sale near Ramsgate, Thanet your new dream home, contact our Sales Consultants today to arrange your viewing.

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: