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Shared ownership houses

Cambourne West

by DOMOVO / BPHA

Cambourne, Cambridgeshire, CB23 6EF

2 & 3 bedroom houses

£85,000 - £98,750 for a 25% share
(£340,000 - £395,000 Full Market Value)

Built by Taylor Wimpey and offered for Shared Ownership sale through Domovo, Cambourne West offers a collection of two and three bedroom homes set amongst a countryside backdrop. At Cambourne West, you will find modern, with elegant features and high specifications adorning every home. Inside, the rooms are spacious, offering beautiful kitchens and bathrooms with luxury finishes throughout. Two bedroom link-detached houses: prices from - £85,000 for a 25% share (Based on a full market value - £340,000) Three bedroom semi-detached houses: prices from - £98,750 for a 25% share (Based on a full market value - £395,000) Three bedroom link-detached houses: prices from - £95,000 for a 25% share (Based on a full market value - £380,000) Monthly Service Charge: £11.29. (This is an estimate only) Lease Term: 122 years Initial shares available to purchase between 25-75%*. *(Your application will be affordability assessed by an Independent Mortgage Advisor to determine what share you can afford to buy). About the homes The two & three bedroom homes include the following specification: Kitchen - Medford white kitchen cupboards - Copper Slate worktop with upstand - Stainless steel splashback - Oven, gas hob & integrated cooker hood - Space for free standing Fridge freezer and washing machine (appliances not provided) - Vinyl flooring Bathroom - Thermostatic shower over bath - Madagascar Blanco Porcelanosa wall tiles to wet areas - Vinyl flooring - Shower screen General - Manhattan taupe carpet to dry areas - Gas central heating - NHBC Warranty - Private garden with turf - Outside tap to houses - Allocated parking - Electric vehicle charging point We reserve the right to change the specification at any time. Please note that the imagery shown are CGIs – Guide only. About the Area The perfect place to put down roots Cambourne West will be a place for everyone, a real cross-generational community where people of all ages can grow and prosper together. Shared green spaces will create the perfect opportunity for families, friends and neighbours to meet and socialise, whilst a variety of flexible commercial spaces will provide ample scope for new local businesses. The collection of quality homes is surrounded by beautifully landscaped open green spaces in which to walk, run and cycle. The many on-site amenities include a village centre, ponds, sports facilities, a community centre and a new primary and secondary school. Shared Ownership, how does it work? If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share. In the future, you can purchase further shares in your home*** or sell your share and move on. *Properties are offered as leasehold, with a lease term of up to 125 years. **Shares offered are based on the affordability determined by an Independent Mortgage Advisor. ***Some properties are restricted to the level of share you can purchase. Disclaimer The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments. Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
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

Charnock Grove

by Your Housing Group

Chorley, Lancashire, PR7 5LZ

2, 3 & 4 bedroom houses and 2 bedroom bungalows

From £125,000 for a 40% share
(From £312,500 Full Market Value)

Charnock Grove is our latest development of 76 affordable new homes in the beautiful village of Charnock Richard, Chorley. At Charnock Grove, you will find a wonderful selection of two, three and four-bedroom family homes and two-bedroom bungalows, available through shared ownership and affordable rent. With it's beautiful location and links to nearby Chorley, Charnock Grove is the ideal development for first time buyers and growing families. Register your interest today to be the first to find out more! Key Details • Two, three and four-bedroom houses • Two-bedroom bungalows • Driveway parking for each plot • Spacious and open plan layouts • Energy efficient kitchen appliances with Symphony fitted units included with shared ownership properties • Contemporary tiling and designer taps in bathrooms • En-suite bathroom on selected house types • Electric car charging points • Air source heat pumps fitted to all properties • Turfed front and rear gardens.
Shared ownershipGreen features
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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: