Shared Ownership Properties
Are you looking for new homes that are eligible for the Shared Ownership scheme, or searching for an affordable first property? New Homes For Sale is the leading online search portal for new homes. Browse our range of Shared Ownership homes from the most reputable developers across the UK and find your perfect new property today.
Since 1998, we've been connecting prospective homebuyers with the country's top new house builders. We know that buying your first home is a big step, and in today's economic climate, many potential buyers find that getting a foot on the housing ladder is more difficult than it ever has been. That's why we have a fantastic selection of Shared Ownership properties available for sale.
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Latest Shared Ownership Developments
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SHARED OWNERSHIP £70,000 - £82,500 | MORE INFO |
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SHARED OWNERSHIP From £33,750 | MORE INFO |
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SHARED OWNERSHIP £297,500 - £312,500 | MORE INFO |
How does Shared Ownership work?
The Shared Ownership scheme is an excellent way to get onto the housing ladder. If you think this could be a good option for you, take a look through our new property listings until you find somewhere that looks suitable.
If you see a property you like in our listings, you'll need to know whether you are eligible for the Shared Ownership scheme, and there are a few factors used to determine this. The scheme is available if you are in a household earning £80,000 a year or less (£90,000 in London), if this is your first home, or if you used to be a homeowner but you can no longer afford to buy a property.
If you are eligible under the scheme, you purchase between 25% and 75% of the value of the property. You will need a deposit and a mortgage to pay for the share of the house that you want to buy. The remaining share is owned by a housing association, and you will pay rent comprising up to 3% of this amount. You can buy additional shares in the property over time until you own it outright - known as staircasing - but you can only increase your share in minimum tranches of 10%.
Although the housing association may have shares of up to 75% 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, which will be charged on a monthly basis. It is a good idea to ask how much the service charge might be before you sign on the dotted line.
We look forward to helping you find your new home.