Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

80% sold

The Hue

by Fabrica

Hounslow, Greater London, TW3 3NR

2 bedroom apartments

From £147,750 for a 30% share
(From £492,500 Full Market Value)

80% sold now. Don’t miss out on the vibrant collection of 2-bed apartments at The Hue, available for Shared Ownership, located in the heart of Hounslow. Every home at The Hue is a thoughtfully designed 2-bedroom Shared Ownership apartment, featuring a bright open-plan kitchen, living and dining area that’s perfect for modern living. Each apartment benefits from underfloor heating throughout, Hyperoptic broadband availability, and a private balcony for your own outdoor space. The master bedroom comes complete with a fitted wardrobe and stylish en-suite, while higher floor apartments enjoy striking skyline views. With contemporary finishes and smart layouts, these homes balance comfort, style and convenience in every detail. Well Connected* Hounslow is ideal for commuters and culture lovers alike. The Hue offers excellent links to Central London while being surrounded by independent shops, cafés and restaurants.Hounslow Central Station - 6 min walk (Picadilly line)Hounslow Train Station - 11 min walk (South Western Railway)Heathrow Airport - 16 mins by TubeLondon Waterloo - 35 mins by trainPicadilly Circus - 38 mins by Tube Explore the green spaces & landmarks in the area Discover historic estates like Osterley Park and Syon Park, or unwind in the vast landscapes of Bushy Park, home to waterways, gardens and roaming deer. The area also offers Hounslow Heath and 10 local nature reserves, with the world-renowned Kew Gardens just a short journey away. Register your interest to find out more. *All times and distances have been taken from Google Maps All imagery is indicative only.

Shared ownership

White Post Street

by Hexagon Housing Association

Peckham, Greater London, SE15 1DR

1, 2 & 3 bedroom apartments

for a 25% share
( Full Market Value)

COMING SOON! An exciting new development from Hexagon Housing Association, where modern design meets the rich character of South East London on the junction of White Post Street, and New Cross Road, this vibrant new address offers 25 beautifully designed apartments. With this scheme, you can get on the property ladder by buying between 25% and 75% of your home to start with and paying rent on the rest. Later on, you can choose to buy more shares – step by step – until you own your home outright.

Shared ownership

Langley Park

by Taylors Estate Agents

Chippenham, Wiltshire, SN15 1GS

1 & 2 bedroom apartments and 3 & 4 bedroom houses

£74,000 - £182,000 for a 40% share
(£185,000 - £455,000 Full Market Value)

Langley Park presents the most centrally located new home development in Chippenham, 1 & 2 bed apartments, 2, 3 & 4 bed houses available, offering unparalleled convenience just a 3-minute walk from the train station. This prime position ensures effortless commutes, with Bath Spa only 15 minutes away and Bristol Temple Meads reachable in just 30 minutes. Chippenham is an ideal family destination, offering both immediate advantages and long-term benefits. Its vibrant high street and nearby retail parks provide a diverse array of supermarkets, popular high street brands, and unique independent shops and cafes. The area also benefits from excellent access to high performing local schools:- Ivy Lane Primary, Monkton Park Primary, Redland Primary, all rated Good by Ofsted, within a mile. Secondary education covered by Hardenhuish School, Abbeyfield School & Sixth Form, Sheldon School — all Good rated and less than ~1.5 miles away. Further education options via Wiltshire College & University Centre, just ~0.3 miles from your doorstep. Green spaces and parks are close by:- Just a few minutes’ walk to John Coles Park and Monkton Park—perfect for morning jogs, leisurely walks, or letting children run free. *The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home. Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

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: