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Shared ownership houses

Loxwood Fields

by Seymours New Homes

Alfold, Surrey, GU6 8HL

2, 3 & 4 bedroom houses

From £42,500 for a 10% share
(£425,000 - £655,000 Full Market Value)

Now taking applications. Loxwood Fields is a new collection of two, three and four bedroom homes set in the village of Alfold. You'll have a Post Office, village shop, café and a vets on your doorstep. England’s largest village, Cranleigh is just a short drive away with its bustling high street full of a range of shops and eateries plus a weekly market. 2 bedroom homes from £42,500 for a 10% share 3 bedroom homes from £51,000 for a 10% share 4 bedroom homes from £60,500 for a 10% share • Tenure: Leasehold. • Length of lease: 990 years. • Reservation fee: £500. • Predicted council tax band: New build properties, band to be determined. • Service charge is reviewed once a year.
Shared ownership

Upper And Lower Fosters

by Barnard Marcus

Barnet, Greater London, NW4 2AA

2 bedroom maisonettes

From £182,000 for a 35% share
(From £520,000 Full Market Value)

LAST PLOT AVAILABLE! Start building your future at Upper & Lower Fosters. A beautiful collection of one, two & three bedroom apartments. Situated in historic Hendon, only 10 minutes' walk from Hendon Central Station & 6 minutes' drive from Brent Cross shopping centre. Each apartment's features award winning Symphony kitchens, elegant bathrooms and 10 year build warranty. These stunning apartments boast an array of modern features and are finished to the highest of standard. Offering underfloor heating, award winning kitchens with integrated appliances, modern bathrooms / en-suites and private terraces. Upper & Lower Fosters is an ideal residential area for young professionals & budding families, these energy efficient apartments are a stone's throw away from a vibrant high street. You'll also find great options for schools including Hendon School, Ofsted-rated 'Good' Middlesex University is also on your doorstep. These apartments are also set among green natural spaces, new play areas and useful amenities, along with being walking distance to Hendon Central Station.
Shared ownership

Lavant View

by Aster Homes

Chichester, West Sussex, PO19 6EZ

4 bedroom houses

£186,000 for a 40% share
£465,000 Full Market Value

WHERE IS LAVANT VIEW?Lavant View is positioned in Chichester, a fantastic place to call home. Steeped with history, culture and countryside right on your doorstep. From the bustling city centre to the sensational South coast only 10 minutes away, you'll have plenty to do and see.You might have thought that the cost of houses in West Sussex would be prohibitive in such a competitive market, but our homes in Chichester 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. WHAT TO DO IN CHICHESTERFamilies will have a considerable choice of nearby schools.You'll be well connected here with many train stations plus fantastic commuter links, the A259 and the A27 which connects you across Hampshire.Selection of cafes, eateries, popular restaurants and bars - perfect for all occasions. WHERE TO GO IN CHICHESTERChichester won't leave you looking for something to do. The cathedral city of Chichester is the perfect place to immerse yourself in history. With its almost-intact Roman city walls, there's so much waiting to be explored. Maybe art is your passion? Chichester has several galleries and one of the UK's flagship regional theatres: the Chichester Festival Theatre. Perhaps you like to get behind the local sports team? You'll have a few sports to pick from, Chichester City football club or Chichester RFC - why not cheer on the local team?MAKE AN ASTER HOME; YOUR HOME!Are you looking to get on the property ladder with shared ownership in Chichester? Contact us today!Our 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 houses for sale in Sussex, on the Lavant View development in Chichester, get in touch with me, Louise, and I'll be delighted to help. As your local expert, just ring or fill in the form below and I'll answer all your questions.*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. Prices based on 30% Shared Ownership and a 95% LTV mortgage. Shared Ownership homes are bought as leasehold properties, for more information speak to our team.
Shared ownership
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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:

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

Shared ownership providers

The following housing associations and developers have shared ownership properties available throughout the UK which you can enquire via this website: