Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

4 Richardson Place

by William H Brown

Pocklington, East Riding of Yorkshire, YO42 1DA

3 bedroom houses

From £29,500 for a 10% share
(From £295,000 Full Market Value)

A superb, three bedroom semi detached home, situated in the sought after market town of Pocklington. This is a fantastic opportunity for those first time buyers, looking to get on to the property ladder.

Shared ownership

Mansion House – Port Loop

by Spicerhaart

Birmingham, West Midlands, B16 0AF

2 bedroom apartments

From £73,125 for a 25% share
(From £292,500 Full Market Value)

Welcome to Mansion House, Birmingham’s newest canal side apartments, located at the award-winning Port Loop development. Designed by shedkm architects, these modern two-bedroom homes offer spacious and bright living areas, with large windows and high ceilings that flood the interiors with natural light. Each apartment features a private balcony, generous living spaces, and a dual-aspect design. Key Features: * Bright, Spacious Living Areas: Open-plan designs with large windows. * Two Bedrooms: Thoughtfully designed for comfort. * High Ceilings: Creating an airy, grand ambiance. * Private Balcony: Your own outdoor retreat. * Modern Features: State-of-the-art appliances and sleek interiors. * Community Focus: Small groups of apartments with shared entrances to foster a sense community and connection. Port Loop Community: Situated in a vibrant community, Mansion House offers easy access to local amenities, parks, shops, and cultural attractions. Nestled between Birmingham Canal Old Line and the Birmingham Canal, Port Loop is just a 15-minute walk from Birmingham city centre. Its island location was once the industrial heart of the city, so the tow paths that served it provide superb, direct routes to the city centre. You can go by foot or jump on a bike. This is more than just a home; it’s a lifestyle that values sustainability and neighbourly connections.

Shared ownership

Launching autumn 2025

Moat at Farriers Green

by Moat Homes

Rainham, Kent, ME8 8PY

2, 3 & 4 bedroom houses

Prices coming soon

Shared ownership in Rainham | Moat Homes Farriers Green Welcome to a stunning collection of 2, 3, and 4-bedroom houses in the heart of Rainham, Kent, available through shared ownership. These beautifully designed homes offer the ideal balance of peaceful countryside living and the convenience of being close to everything you need. Whether you’re a first-time buyer or looking for more space for your growing family, these homes offer a fantastic opportunity to own your dream property. Each house comes with private parking, providing you with the ease and convenience of secure, off-street parking. Located in a serene, rural setting, these homes still benefit from excellent transport links, making it easy to explore wider Kent or commute into London. Rainham train station is only half a mile away with high speed links to London in around 40 minutes. Living in Rainham means you can enjoy the best of both worlds – a tranquil, countryside atmosphere with the vibrant connections to the surrounding area. With nearby shops, schools, and essential services, this location is perfect for families looking to settle down in a community that offers both space and connectivity. These homes are available through shared ownership, providing an affordable way for you to step onto the property ladder while enjoying the benefits of homeownership. Don’t miss your chance to make one of these 2, 3, or 4-bedroom houses your new home, combining comfort, space, and the ideal location in Rainham, Kent. We anticipate that these homes will be available to reserve off-plan from autumn 2025

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: