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Shared ownership houses

Manor Gardens

by Your Housing Group

Hartford, Cheshire, CW8 1LJ

2, 3 & 4 bedroom houses

From £122,000 for a 40% share
(From £305,000 Full Market Value)

Early bird reservations available! Manor Gardens is our stunning new development of 108 new homes, nestled in the charming semi-rural community of Hartford, just outside Northwich. Manor Gardens features an exciting collection of contemporary 2, 3 & 4-bedroom houses and 2-bedroom bungalows, with properties available to buy through Shared Ownership and ideal for those looking to step on to the property ladder in the area. Deep in the heart of Cheshire and a highly sought-after area in which to live, the village contains several highly-rated local schools, great transport links across the North West and further afield and plenty of parks and woodland areas, making Manor Gardens the perfect place to call home.
Shared ownership

Castleton Grange

by Abbotts

Eye, Suffolk, IP23 7BH

2 & 3 bedroom houses

From £65,000 for a 25% share
(From £260,000 Full Market Value)

Viewing by appointment only so call now to avoid disappointment. We are delighted to offer this exciting opportunity to buy this brand new, 3 bedroom semi detached house on a Shared Ownership basis. The full market value of £298,000 is available to purchase at a 25% share with a deposit of £7,450 (other shares available) Call now to book a viewing. • 2 Parking spaces • Ensuite to master • Downstairs WC • Great range of local amenities • Sought after village location • Good transport links This attractive 3 bedroom new home has been designed with style, comfort and efficiency in mind. Finished to a high quality throughout the property comprises a sizeable dual aspect living room that overlooks and opens out via French doors to the garden. There is also a stylish open plan kitchen/diner with a second set of French doors. Downstairs also includes a WC and some storage space. Once upstairs you are greeted by a master bedroom with ensuite and a further 2 bedrooms as well as a family bathroom. This new home is further complemented externally by a garden and 2 parking spaces. This beautifully laid out development is an ideal mix of brand new homes within a welcoming, family friendly, community setting. Perfectly situated within the northern part of the county of Suffolk in the charming Market Town, Eye. This highly picturesque part of the country takes its name from Old English meaning “Island, land by water” and as its name suggests is surrounded by not only beautiful countryside but rivers also. The spectacular Norfolk coast is also reachable in approximately 1 hour. A real treasure of a Suffolk town, Eye, boasts a rich and plentiful history with evidence found of Roman settlements. The ruins of the medieval, Motte and Bailey, Eye castle remain standing tall as a real focal point of the town whilst the littering of attractive period buildings spread across the town add further to its charm. The development is only a 10 minute from the centre of Eye town which benefits from an excellent range of local amenities with local supermarkets and convenience stores, a selection of pubs and eateries, a library and a health care centre. Whilst for those with children, Eye, has a choice of well performing schools for each age range. Ideally located to enjoy good transport links, the popular towns of Ipswich and Bury St Edmunds, as well as the Cathedral City, Norwich, can all be reached within an hour. Whilst the closest train station is in the neighbouring village of Diss and provides journeys into central London of approx. 2.5 hours. Financial Breakdown: Full market value: £298,000 25% share value £74,500 2.5% deposit of full market value: £7,450 Rent charged on un-owned share: 2.75% Rent on un-owned share (75%) £512.19 Estimated monthly service charge: £58 What is Shared Ownership? If you can't afford the mortgage on 100% of a home, Private Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder. *Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.
Shared ownership

Zone Oval Village Shared Ownership

by Peabody New Homes

Charing Cross, Greater London, SE11 5SQ

Studio apartments

£118,750 - £122,500 for a 25% share
(£475,000 - £490,000 Full Market Value)

New studio Shared Ownership homes in Oval   Be the first to hear about these stylish high-specification homes at the stunning Berkley Oval Village. These Zone 1 apartments offer unmatched, swift connectivity to anywhere in London as well as a buzzing social scene from nearby Kennington and Vauxhall. The best part? In just 12 minutes residents can walk to the iconic River Thames for serene walks amongst many of the City's most famous landmarks which lay along its banks.    Key features:• Roof terrace & podium garden• 24-hour concierge service• Residents’ gym• Residents’ meeting room• 6-minutes to Bank, 9-minutes to London Bridge via the Underground   Register now to book your viewing appointment!
Shared ownership
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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: