Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Exclusively for those over 55

Mill View

by DOMOVO / BPHA

Hauxton, Cambridgeshire, CB22 5GA

2 bedroom apartments

From £172,500 for a 50% share
(From £345,000 Full Market Value)

Shares available at 50% and 75%. 50% - £172,500 75% - £258,750 At Mill View you have the luxury of a two-bedroom self-contained apartment, in a purpose-built community, offering you 24-hour security within the privacy of your own home. Mill View is designed to make your life as easy as possible with a choice of accommodation options. All apartments are set in a quiet location and include two bedrooms, private balconies or terraces, have a high specification kitchen with appliances, a wet room and flooring throughout. You are able to decorate and furnish your apartments to your taste and have visitors whenever you choose to. Mill View sits in the historical village of Hauxton, right on the banks of the river Cam. Historic monuments, houses and museums mixed with popular pubs and local shops create the perfect countryside location. Hauxton retains a rural charm and offers perfect opportunities for cycling, walking and exploring. There are shops and amenities in Great Shelford (approx. 3 miles) and further a eld Cambridge offers a host of entertainment, leisure and shopping options. A weekly bus is provided directly from Mill View to a local supermarket for you to do your weekly shop. Mill View has been designed to enable residents to continue to live independently in modern apartments yet has provided warm and friendly community spaces, giving you the opportunity to make friends and become part of the Mill View community. At Mill View, our Scheme Manager will support residents to engage in the activities that they enjoy and work with you and your neighbours to build a vibrant community. One of the benefits of moving to one of these brand-new apartments is the freedom and liberation to leave your home in safe and secure hands if you decide to travel or visit friends and family. There are a range of onsite facilities and services including; tailormade friendly and professional care and support to suit your needs, an onsite rooftop restaurant which provides a 3-course lunch and can provide sandwiches for your evening meal*, 24-hour emergency response, landscaped communal gardens, a laundry room, mobility scooter store, lounge areas, parking and a hair salon and shop. *Included in your service charge fee. A typical two-bedroom apartment specification includes: - Fitted Elise gloss white kitchen with built-in Zanussi single oven, hob and extractor hood - Zanussi appliances - integrated dishwasher, fridge-freezer and washer/dryer. - Wood effect luxury vinyl flooring to kitchen/lounge/living and hallway - Open plan lounge/living area with balcony or terrace - Bathroom with walk-in thermostatic shower, toilet with concealed cistern plus grey Lakestone tiles to all walls and floors - Master bedroom is fully carpeted with second door leading to bathroom - Central Heating and Double-glazing throughout - Broadband/TV/satellite/radio/telephone points The price displayed is for a 50% share of the properties full price. No rent payable if you purchase a 75% share. (Properties subject to a monthly service charge.) Service Charge (per month) - £622.58 *Please be advised that the imagery used is from our show home at Mill View. This property comes furnished only with advertised appliances. **A daily meal at the restaurant is included in the service charge costs. Speak to a sales advisor for further information.

Shared ownershipRetirement

Horlicks Quarter

by SOWN Shared Ownership

Slough, Berkshire, SL1 3GX

1 & 2 bedroom apartments

£28,750 - £41,000 for a 10% share
(£287,500 - £410,000 Full Market Value)

Discover Aquifer House at Horlicks Quarter A stunning collection of brand-new 1 & 2-bedroom shared ownership apartments, thoughtfully designed to a high specification. These homes offer residents unparalleled access to an exceptional range of on-site facilities, ensuring your lifestyle is as comfortable and vibrant as your new home. Enjoy exclusive amenities including: A 12-hour concierge service Private cinema room Residents-only gym Dedicated home-working hub Rooftop garden with scenic views A stylish residents’ lounge featuring a cozy seating area, pool table, kitchen, and coffee bar Premium Quality Apartments Crafted by Berkeley Homes, these apartments are designed with meticulous attention to detail. Highlights include: Bosch integrated kitchen appliances Karndean timber-effect flooring in living areas Recessed LED lighting for a modern ambiance Audio/video door entry system for added security A 10-year Premier Guarantee for peace of mind A 990-year lease for long-term value A Historic Landmark Reimagined Set in the heart of Slough, Horlicks Quarter breathes new life into the iconic Horlicks Factory. Blending heritage and innovation, the development features beautifully refurbished historic buildings, modern homes, and carefully curated landscaped gardens with tranquil water features. The iconic Clocktower and chimney remain centrepieces of this vibrant new community. Unmatched Connectivity Perfect for commuters, Horlicks Quarter is just a 7-minute walk to Slough Mainline Station, offering: Elizabeth Line access and direct trains for fast, direct journeys to London Paddington in under 15 minutes and Bond Street in 30 minutes Easy access to the M4 (6-minute drive to Junction 6) Heathrow Airport reachable in under 20 minutes For leisure, Windsor Castle is a mere 5 miles away, along with the historic Windsor town centre and the Royal Windsor Racecourse. Horlicks Quarter – The Best of Modern Urban Living Combining high-quality homes, excellent facilities, beautiful gardens, and a prime location, this development offers a perfect balance of comfort, convenience, and style.

Shared ownership

Overbridge Square

by Heylo Shared Ownership

Newbury, Berkshire, RG14 5BB

1 & 2 bedroom apartments

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

This development is now available on heylo shared ownership. Overbridge Square is a stunning development of 1 and 2-bedroom apartments designed and built to the highest standards. *Images are for illustrative purposes only. Please speak to Sales Adviser for full details* Key Information about Shared Ownership

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: