Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Ready to move in

Prime Point, Shared Ownership

by L&Q

Greenwich, Greater London, SE10 0JT

Studio, 1 & 2 bedroom apartments

£86,000 - £136,000 for a 25% share
£344,000 - £544,000 Full Market Value

Reserve a selected Shared Ownership home between the 1st April - 2nd May for £99 and receive a £1,000 contribution towards your legal fees*Prime Point, Greenwich PeninsulaA brand new collection of Manhattan Studios, 1 & 2 bedroom Shared Ownership homes designed for modern London living.Prices from £86,000 for a 25% share of £344,000, with a minimum deposit of £8,600Each home offers private outdoor space, fully integrated appliances and concierge access. Located just an 8-minute walk from North Greenwich Underground Station, Prime Point places the best of London right at your doorstep.Enjoy a sanctuary by the river in a Zone 2/3 location that brings the city's brightest experiences closer than ever.Book a viewing today: lqhomes.com/primepointKey features:Concierge availablePrivate outdoor space to all homesFully integrated appliancesLandscaped communal gardens and bright open spacesOverlooking the beautiful Central Park8 minute walk to North Greenwich Underground Station, Zone 2/3Only 9 minutes to Canary Wharf via the undergroundWith the IFS Cloud Cable Car nearby, Greenwich Peninsula provides a unique and scenic mode of transportGreenwich Park, an iconic landmark, is just an 8-minute cycle awayWith The O2 arena right at your doorstep, London's iconic live music venue, you'll enjoy convenient access to numerous shops, cafes, bars, and restaurants nestled within What is Shared Ownership?Shared Ownership is for anyone who doesn't currently own a home. If you want to get on the property ladder, but can't afford to buy outright on the open market, then Shared Ownership could be for you. Under the Shared Ownership scheme you part-buy/part-rent your home, making it possible for first-time buyers and families to get on the property ladder.The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%.Book your viewing today! L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on Plots 261, 281 & 286 only. For full terms and conditions visit lqhomes.com/terms-and-conditions. Shared Ownership terms and conditions apply. Prices start from £86,000 for a 25% share of a Manhattan Studio apartment at Prime Point. Full market value of £344,000. Please visit lqhomes.com/shared-ownership for more information.

Shared ownership

Available to move in now

Shared Ownership at Eastman Village

by Hyde New Homes

Harrow, Greater London, HA1 4GL

1 & 2 bedroom apartments

From £102,300 for a 30% share
(From £341,000 Full Market Value)

An established neighbourhood in Harrow with one and two bedroom apartments ready to move in through shared ownership. Prices start from £102,300 for a 30% share, based on a full market value of £341,000. Formerly the iconic Kodak factory, this emerging village is in the heart of a £10.7bn transformation area is perfectly located for easy access into central London, with over 2,000 new homes, offices, restaurants, cafes', shops and amenities being built around a six acre landscaped park which serves a new green link in the heart of residential Harrow. A brand new on-site carbon efficient energy centre will provide heating across the development, reducing carbon emissions by over 35%, meaning your brand new home could be up to 65% cheaper to run. Specialised landscaping will encourage bio-diversity throughout and the homes are designed with you in mind for modern city living. The homes boast contemporary specifications and comes complete with integrated appliances and quality flooring fitted at no additional cost, ensuring a hassle-free move-in experience. Why wait, make your move with only a 5% deposit! Find out more today. Marketing suite and Show Apartment is open Tuesday to Saturday 10am to 4pm by appointment only. The Hyde Difference • Over 90% customer satisfaction for 12 consecutive years • Experienced in-house sales team to help you with the process to owning your own home • Option to purchase more shares and own your home outright at any time • High specification as standard • Contemporary kitchen units with integrated appliances • NHBC warranty • Quality flooring included

Shared ownership

Stirling Fields

by Persona Homes

Northstowe, Cambridgeshire, CB24 1DJ

3 & 4 bedroom houses

From £100,000 for a 25% share
(From £400,000 Full Market Value)

Stirling Fields is a thoughtfully designed new development at the heart of Northstowe, Cambridgeshire’s bold new town just minutes from Cambridge. Our stylish collection of 3 and 4-bedroom homes makes this community perfect for families, professionals, and those seeking a more balanced lifestyle. Set among green spaces, lakes, and cycleways, Stirling Fields is built around wellbeing and walkability. With nursery, primary, secondary schools and a sixth form college already in place, plus excellent links to Cambridge, it’s a location that combines countryside calm with city convenience. Our homes are ready to move into, so whether you're starting out or moving up, Stirling Fields offers a rare opportunity to be part of a vibrant, sustainable, and growing community.

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: