Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Pyms Road

by Delta Housing

Chelmsford, Essex, CM2 8GF

1 bedroom apartments

£20,500 - £21,000 for a 10% share
£205,000 - £210,000 Full Market Value

Delta are pleased to present to the market a selection of 1 & 2 bedroom flats at Pyms Road in Galleywood. Available late spring 2026. Properties are subject to availability and allocated on a first come first served basis. Eligibility and affordability criteria applies. To apply, Please contact SRC Mortgage Solutions to complete an affordability check. https://www.srcmortgagesolutions.com/financial-assessment.html ONLY 1 BEDS REMAINING!

Shared ownership

Orbit Homes at St Augustine’s Place

by Orbit Homes

Herne Bay, Kent, CT6 6TD

Last 3 bedroom house

£130,000 for a 40% share
(£325,000 Full Market Value)

Orbit Homes at St Augustine’s Place forms part of a highly sought‑after coastal development just minutes from Herne Bay’s award‑winning beach. We will shortly be releasing just two 3‑bedroom houses for sale through Shared Ownership. Each home offers allocated parking, a private garden and modern, energy‑efficient design—making this a rare and highly attractive opportunity for buyers. Set within a wider development of up to 900 new homes, residents will enjoy thoughtfully designed surroundings, including open green spaces and plans for sports pitches, a community centre, and a new primary school. Positioned on the eastern edge of Herne Bay, everyday essentials including supermarkets, schools, leisure facilities and town‑centre amenities are all close at hand. St Augustine’s Place perfectly balances coastal living with excellent connectivity. Direct train services to London, convenient road links to Gatwick Airport, and easy access to the Port of Dover make it an ideal location for commuters and lifestyle buyers alike. With one home available, early interest is strongly encouraged.

Shared ownership

The Zinc Works - Shared Ownership

by Red Loft

Acton, Greater London, W3 9EQ

1 & 2 bedroom apartments

£103,750 - £143,750 for a 25% share
£415,000 - £575,000 Full Market Value

1 & 2-bedroom Shared Ownership apartments in Acton.Perfectly situated in the heart of Acton, one of West London's greenest and most well-connected neighbourhoods, this striking new development offers a collection of contemporary 1- and 2-bedroom apartments for sale through Shared Ownership. Launching this summer, buyers at The Zinc Works will benefit from the independent shops, cafes, bakeries and restaurants of Acton. Also nearby is the popular Acton Market, just a few minutes' walk away, offering an eclectic blend of fresh produce, street food, and other unique finds.Buyers will be spoilt for choice for commuting into central London, with three train stations to choose from: Acton Mainline (on the Elizabeth Line), Acton Central (Mildmay Overground) and Acton Town Station (Circle, District and Picadilly Lines) - all within a mile of the development. Surrounded by some of west London's most popular green spaces, Acton offers easy access to Gunnersbury Park, Acton Park and Ealing Common, to name but a few, perfect for relaxing and unwinding in nature.Key FeaturesThese stunning new apartments are crafted with contemporary living in mind, offering the following features:Large windows for maximising natural lightGenerous private balconies, many with far-reaching viewsSleek contemporary kitchens with integrated white goods, induction hob, dishwasher, single oven, fridge freezer, and washer dryerDual aspects to some apartmentsEn-suites to some 2-bed apartments. See The Zinc Works microsite for more information on this development!https://www.thezincworks.co.uk/ Register your interest now to be one of the first to view the show home, or to find out more!

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: