Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

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Dagenham Green Shared Ownership

by Peabody New Homes

Barking, Greater London, RM9 6PE

1, 2 & 3 bedroom apartments

£81,000 - £139,500 for a 30% share
£270,000 - £465,000 Full Market Value

Welcome to the Shared Ownership collection at Dagenham Green, an inspiring new vision for the future of this vibrant and diverse East London community. A stunning collection of 1, 2 and 3-bedroom apartments – all with their own outdoor space – individually designed to maximise light and space. Flexible, sustainable and with a cool, contemporary finish, these homes are ready for you to start life’s big adventures. New homes at Dagenham Green feature;- Private balconies to all homes- Walking distance from Dagenham Dock station- Residents' concierge, workspace and lounge- Planned secondary school on-site- Featuring over 10 acres of new public open space. *Amenities are subject to change. Homes at Dagenham Green phase 1 are being delivered in partnership between Peabody and Hill.

Shared ownership

Cable Wharf

by Love Living Homes

Northfleet, Kent, DA11 9GA

1 & 2 bedroom apartments

for a 25% share
( Full Market Value)

Life by the water. History beneath your feet. London within reach. Welcome to the final release of 1 & 2 bedroom apartments at Cable Wharf — a striking riverside development in Northfleet, where heritage and contemporary living meet. Once home to the 1865 Transatlantic Telegraph Cable works, this iconic Thames-side setting has been thoughtfully reimagined into a collection of beautifully designed homes. Framed by dramatic chalk cliffs and sweeping river views, Cable Wharf offers a rare blend of tranquillity and connection. Enjoy modern interiors with high-quality finishes, a landscaped roof garden overlooking the Thames, and the confidence of an established neighbourhood. And when the city calls? London St Pancras is just 23 minutes away — making this a truly exceptional commuter location. Available through Shared Ownership with Love Living Homes, with ownership from just 25%, your move onto the property ladder could be closer than you think. Your riverside chapter starts here. All homes are subject to a nominations agreement and offered to people local to Tunbridge wells in the first instance CGIs are an artistic impression and may differ from finished product. Please consult the sales advisor for more details.

Shared ownership

Stanley Meadows

by Burchell Edwards

Somercotes, Derbyshire, DE55 4FL

2, 3 & 4 bedroom properties

From £58,500 for a 30% share
(From £195,000 Full Market Value)

Stanley Meadows is located in Somercotes a village location in the Amber Valley, Derbyshire. The area benefits from schools, shops and transport links connecting up to larger towns and cities or rural countryside. The development comprises of 2, 3 & 4 bedroom homes and bungalows, some benefitting from solar panels , 2 parking spaces & EV charging . Stunning new build homes with an excellent specification. Shares are available at 30% going up to 75% , starting price is £58,500 up to £221,250 . Please enquire now to book your qualification and arrange your viewing.

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: