Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

With £500 legal fees paid!

Riverside Square

by Hyde New Homes

Canterbury, Kent, CT1 1SZ

2 bedroom apartments

From £83,750 for a 25% share
(From £335,000 Full Market Value)

At Riverside Square, we have a fantastic range of new 2 bedroom shared ownership apartments with parking, ready and waiting to be snapped up with £500 legal fees paid* and a £99 reservation fee**! The apartments with sought-after parking form part of an emerging new neighbourhood, combining a wealth of history with modern riverside living. Experience the calm of the landscaped podium gardens, the buzz of The Riverside leisure complex and the convenience of the city centre a walk away. The apartments with sought-after parking form part of an emerging new neighbourhood, combining a wealth of history with modern riverside living. Experience the calm of the landscaped podium gardens, the buzz of The Riverside leisure complex and the convenience of the city centre a walk away. A new riverside community in the heart of Canterbury • Located a short walk to The Riverside, a £115 million leisure quarter, including an array of bars, restaurants and a 5-screen cinema. • Landscaped communal gardens overlooking the River Stour • Excellent transport connections into central London, Kent and beyond; reach London St Pancras in 55 minutes!* • In close proximity to The Kings Mile district and Canterbury City Centre • Allocated parking to every home • Private balconies or terraces to all homes • Fitted wardrobe to principal bedroom • Well connected to the A2/M2 for London and the M25 for the Dartford Crossing and Dover The Hyde Difference • Over 90% customer satisfaction for 13 consecutive years • Experienced in-house sales team to help you with the process to owning your own home • Option to purchase more shares and own your home outright at any time • High specification as standard • Contemporary kitchen units with integrated appliances • NHBC warranty • Quality flooring included *Terms and conditions apply. Limited time for new reservations only between 01.08.26 and 31.10.26 and will depend upon the plot purchased, subject to availability, lender approval and exchange and completion dates. Not in conjunction with any other offer or scheme. Offers payable upon completion. No cash alternative. **Terms and conditions apply. Limited time for new reservations only between 01.08.26 and 31.10.26 and will depend upon the plot purchased, subject to availability, lender approval and exchange and completion dates. Not in conjunction with any other offer or scheme. Offers payable upon completion. No cash alternative.

Shared ownership

Rutson Way

by Manners & Harrison

South Otterington, North Yorkshire, DL7 9FP

3 bedroom houses

From £68,750 for a 25% share
(From £275,000 Full Market Value)

An exciting opportunity to purchase a brand new three bedroom home on the attractive Saints Green development in the popular village of South Otterington, built by Lovell Homes. Finished to a high standard throughout, this modern home offers well-planned accommodation, energy-efficient living and the added benefit of off-road parking. Available on a shared ownership basis. ONLY TWO HOMES REMAINING!!

Shared ownership

Chingford Meadows

by Auxesia Homes

Bilborough, Nottinghamshire, NG8 3DH

2 & 3 bedroom houses

From £115,000 for a 50% share
(From £230,000 Full Market Value)

Set within the Chingford Meadows development in Bilborough, these two and three bedroom Shared Ownership homes offer an affordable way to enjoy modern living in one of Nottingham’s best connected locations. Everyday essentials, green open spaces and excellent transport links are all close at hand, making it easy to balance work, play and family life. Local shops, supermarkets, cafés, schools and leisure facilities can all be found within minutes, while nearby Wollaton Hall & Deer Park offers acres of beautiful parkland to explore throughout the seasons. The excitement of the city is also just a short journey away, with Nottingham providing an excellent choice of shopping, dining, entertainment and culture. With such a strong combination of convenience, connectivity and access to nature, these contemporary, energy-efficient homes allow you to make the most of everyday life. Prices start from £115,000 which represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £263.54 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.

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: