Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Arden Fields

by whg

Bulkington, Warwickshire, CV12 9LL

2 bedroom houses

From £97,000 for a 40% share
(From £242,500 Full Market Value)

Located in rural Warwickshire, Arden Fields is a brand-new development, that offers a wide range of amenities and convenient travel, whg are offering 3 x two bedroom homes, for shared ownership available Spring- Summer 2026. The homes will be fitted with a modern fitted kitchen with oven, hob and extractor, vinyl flooring in the wet areas and a turfed rear garden.

Shared ownership

Dracan Village at Drakelow Park

by Midland Heart Housing Association

Burton upon Trent, Staffordshire, DE15 9UA

4 bedroom houses

From £53,750 for a 25% share
(From £215,000 Full Market Value)

Shared Ownership - Brand New 3 Bedroom Houses available to buy with Midland Heart These affordable new homes are located at Dracan Village - Drakelow Park, a popular new neighbourhood less than 4 miles south of Burton on Trent. The area offers a great choice of shops, schools and transport links within very easy reach. • The Cedar 3 Bedroom Terrace Houses – from £53,750* • Up to £1,000 Cashback^ on a selected plots • Located at Drakelow Park, a new neighbourhood close to Burton on Trent Our homes come with an impressive specification as standard including flooring/carpets throughout, modern fitted kitchens with oven & hob, a private garden and parking. Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy. Price 3 Bedroom from £215,000 (100%) 25% share = £53,750* Rent = £369.53 Plus the following monthly charges: Management Charge: £22.00 Buildings Insurance: £19.76 Estate Charge: £3.29 Don’t miss out on these affordable homes - contact us today to find out more. *The Price advertised is for a 25% share, it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. There are opportunities to buy more shares to own 100% of the property in the future. ^Up to £1,000 Cashback^ available on selected plots - subject to terms and conditions and only payable upon completion by specific date (dependent upon plot). Amount advertised is subject to change. Revised prices apply to plots with solar panels. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment. ^Images/photographs shown are for illustrative purposes only.

Shared ownershipGreen features

Fosters Fold

by Aster Homes

Chichester, West Sussex, PO18 8GX

2, 3 & 4 bedroom houses

£128,000 - £208,000 for a 40% share
£320,000 - £520,000 Full Market Value

Located in West Sussex, Chidham is a charming rural parish positioned perfectly amongst the Stunning Sussex countryside and on the outskirts of the City of Chichester. Foster's Fold is a fantastic development of new 2, 3 & 4-bedroom homes in West Sussex.Could this be the perfect place you call home?Where is Chidham?Chidham is located on the outskirts of Chichester near the Hampshire border. The village has an estimated population of 2,614 according to the 2021 Census. Chidham benefits from several nearby transport links, including the A27, and Nutbourne station is within walking distance, offering regular services to Chichester, Portsmouth, and Southsea. Additionally, Chichester train station provides connections to London Victoria, making the commute less stressful in under 1 hour and 40 minutes. Nearby is the city of Chichester and the charming village of Walberton. Take a look at our available homes in Sussex here. If you cross the border into lovely Hampshire, we have a selection of shared ownership homes in Hampshire available across this fantastic county too.What to do in ChidhamWe know the area you choose to call home needs to work for you, so from your brand-new home in Chidham, West Sussex, you'll be able to... Prinstead Beach: A stunning beach circular is a perfect route for dog walkers, hikers, bikers, runners, wildlife enthusiasts, or if you just want to enjoy the stunning views.Retail therapy: The nearby City of Chichester offers a pleasant shopping experience with its independent shops, boutiques as well as high street favourites, cafes, and restaurants.Explore Bosham Quay: The Bosham Quay has a selection of cafes and arts centres to enjoy on the quayside or if you're feeling up to it, you can walk the 3.7-mile Bosham circular walk.Discover the history: Immerse in the history of Chichester and its iconic Cathedral.The festival of Chichester: A month-long celebration of the arts running from mid-June to mid-July each year.Experience nature: The local area is spoilt with countryside to explore from walks and trails, or Chichester Harbour which is proudly an area of natural beauty (AONB).Explore the villages surrounding Chichester: Our marketing officer, Lauren has put together her must-visit spots and where to spend a day in Sussex.Shared ownership - the smart step in buying your home. You might have thought that the cost of houses in West Sussex would be prohibitive in such a competitive market, but our homes in Chidham are all for sale under our smart, simple shared ownership scheme. There are no catches - you just buy an affordable share, pay rent on the remaining amount, and increase your shares as your finances permit. It allows you to get your foot on the property ladder much more easily than buying outright. You can learn more here, or just call us and we'll be happy to answer your questions.Make an Aster house your homeOur aim at Aster is to find you a home, not just a house - and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just get in touch!So, if you're ready to find out more about our shared ownership homes in West Sussex, on the Foster's Fold development in Chidham, get in touch with Louise today! *While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.

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: