Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

McArthurs Yard

by Guinness Homes

Bristol, Bristol, BS1 6UN

1, 2 & 3 bedroom apartments

From £89,250 for a 30% share
(From £297,500 Full Market Value)

Available now with Shared Ownership, all homes are complete and ready to move in. Contact our sales team today to book your viewing. Show homes available. Situated on Bristol’s legendary harbourside, McArthur’s Yard is a collection of one, two and three-bedroom apartments and duplexes arranged over three elegantly designed buildings. The stylish and highly specified homes at this contemporary new development allow residents to enjoy all of Bristol’s personality and character close to the serenity of the water. The award winning development is one of the last remaining undeveloped sites on the harbourside. Many of the properties benefit from wonderful views and are ideally located within a short distance of the rest of the city.

Shared ownership

The Orchards

by VIVID

Aldershot, Hampshire, GU12 4NQ

1 bedroom apartments

From £47,500 for a 25% share
(From £190,000 Full Market Value)

Newbuild Shared Ownership Current expected handover date from developers: From November 2025 Initial shares available from 25% to 75% MOD Applicants will have priority followed by first come, first served We may be required to discuss your application with the Local Authority Leasehold with 990 year lease Pets welcome Council Tax Band is not yet available for these newbuild homes(Find out more) Predicted energy assessment rating is not yet available for these newbuild homes Newbuild Warranty Provided You can’t rent out (sublet) these properties, see the key info document for more details If you’re offered a Shared Ownership home with us, please note there is a reservation fee of £99 (non-refundable), which will be deducted from the monies you pay at completion. Staircasing to 100% is available on these homes, see the key info document for more information about this. View Brochure

Shared ownership

The Quadra Apartments at Cheshunt Lakeside

by B3athome

Cheshunt, Hertfordshire, EN8 9SL

1 bedroom apartments

From £72,500 for a 25% share
(From £290,000 Full Market Value)

85% Reserved – only 5 one-bedroom apartments left! Reserve this summer and receive £500 towards legal fees* Monthly costs including mortgage, rent and service charges start from £1,026 per month!** Perfect for first-time buyers looking to get on the property ladder, The Quadra Apartments at Cheshunt Lakeside will offer an exciting new collection of Shared Ownership homes for sale. A new residential neighbourhood, Cheshunt Lakeside forms part of a long-term placemaking masterplan set to bring shops, green open spaces and a new primary school to the area. These properties are for sale through Shared Ownership. The Shared Ownership homes are arranged around a shared landscaped courtyard and come with either a balcony or private terrace and allocated parking. *must complete by the end of October 2025. **Based on a 5% mortgage deposit, 5.24% mortgage interest rate and 30-year term.

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: