Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

77% sold

The Hue

by Fabrica

Hounslow, Greater London, TW3 3NR

2 bedroom apartments

From £123,750 for a 25% share
(From £495,000 Full Market Value)

77% sold now. Don’t miss out on the vibrant collection of 2-bed apartments at The Hue, available for Shared Ownership, located in the heart of Hounslow. Every home at The Hue is a thoughtfully designed 2-bedroom Shared Ownership apartment, featuring a bright open-plan kitchen, living and dining area that’s perfect for modern living. Each apartment benefits from underfloor heating throughout, Hyperoptic broadband availability, and a private balcony for your own outdoor space. The master bedroom comes complete with a fitted wardrobe and stylish en-suite, while higher floor apartments enjoy striking skyline views. With contemporary finishes and smart layouts, these homes balance comfort, style and convenience in every detail. Well Connected* Hounslow is ideal for commuters and culture lovers alike. The Hue offers excellent links to Central London while being surrounded by independent shops, cafés and restaurants.Hounslow Central Station - 6 min walk (Picadilly line)Hounslow Train Station - 11 min walk (South Western Railway)Heathrow Airport - 16 mins by TubeLondon Waterloo - 35 mins by trainPicadilly Circus - 38 mins by Tube Explore the green spaces & landmarks in the area Discover historic estates like Osterley Park and Syon Park, or unwind in the vast landscapes of Bushy Park, home to waterways, gardens and roaming deer. The area also offers Hounslow Heath and 10 local nature reserves, with the world-renowned Kew Gardens just a short journey away. Register your interest to find out more. *All times and distances have been taken from Google Maps All imagery is indicative only.

Shared ownership

Pinfold Park II

by Home Reach

Bridlington, East Riding of Yorkshire, YO16 7AF

3 bedroom houses

From £101,000 for a 50% share
(From £202,000 Full Market Value)

Dreaming of a beautifully designed home by the sea? Discover Pinfold Park II, a stunning new development of 3 bedroom homes in Bridlington. Just five minutes from the beach and surrounded by picturesque farmland, Pinfold Park II offers the perfect blend of coastal calm and countryside charm. All homes are crafted with care and include a specification by leading industry suppliers. Modern comfort also meets sustainability with Air Source Heat Pumps and EV charging. With local shops nearby and York and Hull within easy reach, enjoy both convenience and adventurous days out. Create the space you’ve always dreamed of with a brand-new Gleeson home. Come and visit us in Bridlington today. You can’t miss us. EPC rating: PEA- B Images are for illustrative purposes only. Please speak to Sales Adviser for full details **See the key information here

Shared ownership

£1,000 towards legal fees on apartments

Orbit Homes at Hermitage Park

by Orbit Homes

Maidstone, Kent, ME16 9FS

1 bedroom apartments

from £60,000 for a 25% share
£230,000 - £240,000 Full Market Value

About Orbit Homes at Hermitage Park Introducing Orbit Homes at Hermitage Park, an exceptional new development in Aylesford, Kent, offering a selection of 1 & 2 bedroom apartments and 2, 3 and 4 bedroom houses. Nestled in the picturesque “Garden of England," Hermitage Park combines modern living with the charm of a historic village setting. Aylesford is a vibrant village situated on the banks of the River Medway, renowned for its rich history and scenic landscapes. Residents can explore the beautiful North Downs, with walking trails like the North Downs Way offering stunning views and outdoor activities. The village centre provides a range of local amenities, including shops, traditional pubs, and eateries, fostering a strong sense of community. Hermitage Park is strategically located under five miles from Maidstone town centre, ensuring easy access to a wider array of shopping, dining and entertainment options. Commuters will appreciate the excellent transport links, with Barming Railway Station nearby and Junction 5 of the M20 motorway just over a mile away, facilitating convenient travel to London and the Kent coast. Whether you're a first-time buyer, a growing family, or looking to downsize, this development provides the perfect blend of rural tranquillity and urban convenience.

Shared ownershipGreen features

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: