Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

SNG at Pudding Mill Lane

by Sovereign Network Group

Stratford, Greater London, E15 2NH

1, 2 & 3 bedroom apartments

£106,250 - £158,750 for a 25% share
(£425,000 - £635,000 Full Market Value)

A highly anticipated collection of just eight one, two and three-bedroom Shared Ownership apartments at Marshgate Lane, Stratford. Situated close to the ABBA Arena and within close proximity to the canal, this limited collection offers a rare opportunity to secure a home within a small, well-designed scheme. Each apartment has been thoughtfully designed for modern living, featuring a fully fitted kitchen with integrated appliances, alongside well-proportioned living spaces and contemporary finishes throughout. All homes benefit from private outdoor space, with selected apartments enjoying canal views. With only eight units available, these homes offer a more exclusive and intimate living environment, with a range of layouts to suit different needs. Key features: • Collection of just 8 apartments • 1, 2 & 3-bedroom homes • Fully fitted kitchens with integrated appliances • Contemporary specification throughout • Private outdoor space to all apartments • Selected apartments with canal views • Situated opposite the ABBA Arena • Anticipated completion Summer 2026 Priority will be given to applicants who live or work within the Borough of Newham. Images and CGIs are for illustrative purposes only. These homes are being sold by our partner sales agent, Imagine.

Shared ownership

Stirling Cross

by Persona Homes

Ely, Cambridgeshire, CB6 2GL

3 bedroom houses

From £86,250 for a 25% share
(From £345,000 Full Market Value)

Stirling Cross is a welcoming new development, set in the heart of Sutton-in-the-Isle. Surrounded by open Fenland countryside and big skies, it offers a calmer pace of life while staying close to Ely, Cambridge and everyday essentials. This collection of 2- and 3-bedroom homes has been designed for modern living, with light filled layouts and sociable spaces that work for busy mornings and relaxed evenings. Outside, the setting feels open and friendly, making it easy to feel part of the community from day one. Available with shared ownership, Stirling Cross offers a more accessible way to own a quality new home in a village location that feels connected, comfortable and full of promise.

Shared ownership

Leighwood Fields

by VIVID

Cranleigh, Surrey, GU6 8RW

2 & 3 bedroom houses

From £103,750 for a 25% share
(From £415,000 Full Market Value)

Built by Berkeley Homes, these attractive new houses are set in a desirable location. Situated in the beautiful village of Cranleigh, approximately eight miles southeast of Guildford in Surrey, the development is close to the A281, providing easy links between Guildford and Horsham. Set between the rolling landscapes of the North and South Downs, Cranleigh is an area of outstanding natural beauty. This historic market village offers the perfect balance of modern convenience and traditional village charm, with a peaceful atmosphere that continues to attract homeowners seeking a high quality of life. Cranleigh itself is a large and vibrant village with a wide range of useful amenities. It boasts a thriving selection of independent restaurants, pretty cafés and a strong local arts scene. Outdoor enthusiasts are well catered for, with dozens of scenic walking and cycling routes nearby. With Guildford and Horsham both just a short drive away, and London reachable in around an hour and a half (from Guildford train station), Cranleigh is ideally suited to commuters while remaining a tranquil place to call home.

Shared ownership

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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: