Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Coming soon

Westcombe Park

by CHP

Maldon, Essex, CM9 4HE

1 bedroom apartments

From £70,000 for a 35% share
(From £200,000 Full Market Value)

A selection of one bedroom new build apartments available for Shared Ownership in the Crest Nicholson section of Westcombe Park in Heybridge, Maldon, Essex. Expected July / August 2025 (subject to change). Features include: • Fully fitted kitchen with integrated appliances • Flooring throughout • Neutral décor • Double glazing • Electric heating • Allocated parking with electric vehicle charging point • New build warranty Situated next to the historic market town of Maldon, Westcombe Park in Heybridge is a new community of homes set in a semi-rural location. Westcombe Park is surrounded by woodland and farmland but is still well-connected, with convenient access to shops, schools and a wide range of other amenities in both Heybridge and Maldon. There are an abundance of waterways and open spaces for all the family to explore, including Heybridge Basin and Promenade Park. For those preferring indoor activities, Blackwater Leisure Centre and Park Drive Health Club in Maldon offer a range of sporting activities. There is a selection of primary schools and pre-schools / nurseries in the area, with the Plume Academy being the local catchment secondary school. To expand on the existing local facilities, the masterplan for Westcombe Park includes future provision for a new primary school and nursery, sports pitches, allotments and neighbourhood centre. Access to Essex’s main road route, the A12, is just nine miles away, providing convenient connections to the A120, A414 and M25. Chelmsford can be reached in around 20 minutes and Colchester in around 25 minutes. There are two train stations to choose from at Witham and Hatfield Peverel; from either, London Liverpool Station is around a 40-minute journey. Westcombe Park is served by local bus routes which run along the edge of the development connecting Heybridge with Chelmsford, Hatfield Peverel and Witham railway station. For international travel, Stansted Airport is a 50-minute drive away.

Shared ownershipGreen features

3 years Car Club membership

SO Resi Wembley Park

by SO Resi

Wembley, Greater London, HA9 8FS

£98,750 - £155,625 for a 25% share
(£395,000 - £622,500 Full Market Value)

Now available with 5% deposits! SO Resi Wembley Park is a landmark new development in the heart of north-west London’s iconic cultural hotspot. This development offers 79 high-quality, energy-efficient one, two and three-bedroom apartments across two buildings. Rising to 21 storeys at its highest point, and with private outdoor space to every home, residents will enjoy outstanding views across the Wembley skyline. Huge investment has transformed the local area into a world-class destination, offering a fantastic choice of shopping and nightlife, picturesque green spaces, highly rated schools and a host of cultural and leisure attractions. With Wembley Park Underground station on your doorstep, fast transport links connect to central London in just 12 minutes, bringing all the capital has to offer within easy reach. Wembley offers residents a host of benefits that make it an attractive place to call home. One of the standout features is its proximity to the iconic Wembley Stadium, a world-renowned venue that hosts major sporting events and concerts. Residents have the unique advantage of enjoying live entertainment and sports events practically at their doorstep. The area also boasts excellent transport links, with Wembley Park Tube station providing easy access to central London in just a short ride. This connectivity makes commuting and exploring the city convenient, enhancing the overall quality of life for those residing in Wembley. In addition to its cultural and entertainment amenities, Wembley benefits from a diverse and vibrant community. The neighbourhood is home to a mix of shops, restaurants, and cultural spaces that cater to various tastes and preferences. The Wembley area has witnessed ongoing development, leading to improved infrastructure, modern amenities, and a dynamic local economy. With green spaces like Wembley Park and Fryent Country Park nearby, residents also have opportunities to enjoy outdoor activities and recreational pursuits. Overall, living in Wembley offers a harmonious blend of urban conveniences, cultural richness, and community vibrancy. Key Features: Private balcony Landscaped podium gardens Cycle storage Adjacent to Wembley Park Station Located in a regeneration hotspot

Shared ownership

Axion House

by Mann

Lewisham, Greater London, SE13 7GE

1, 2 & 3 bedroom apartments

From £102,500 for a 25% share
(From £410,000 Full Market Value)

A brand new, development for shared ownership which are now fully completed and ready for occupation immediately. Situated beside the River Ravensbourne, in the heart of Lewisham Centre, with excellent transport links to central London and Canary Wharf. The development comprises a range beautifully designed and constructed 1, 2 & 3 Bedroom apartments and duplexes which have been carefully thought through to maximise living spaces. Call our Lewisham Office today to register your interest and arrange a viewing one of stunning homes.

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: