Shared Ownership Houses for Sale

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Mansion House @ Port Loop

by Connells

Birmingham, West Midlands, B16 0AE

2 bedroom apartments

From £87,750 for a 30% share
(From £292,500 Full Market Value)

Two apartments remaining on current phase 10-75% shares Prices starting from £29,250 based on a 10% share Rents from £603.29 per month based on a 10% share Opportunity to staircase to 100% in the future Speak with our Shared Ownership team today for more information 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. Experience the best of canal side living at Mansion House. Contact us now to arrange a viewing and become part of this exceptional community. 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. Our two bedrooms apartments at Mansion House are also available to buy through the government-backed Shared Ownership scheme, with prices starting from £87,750 based on a 30% share. The show home at Mansion House is now available to view, call our team to arrange your private appointment or email us. Apartments available – Plot 201 / 202 Shares available 10-75% Price example - Full market value - £292,500 30% share price - £87,750 Rent per month based on a 30% share - £469.22 Service charge per month - £180.94 (approx) Shared Ownership management fee - £128 per annum Minimum deposit required - £4387.50 (subject to affordability check) 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. 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 criteria: If you’re eligible, you can apply for the Shared Ownership property that you’d like to buy. It’s easier than you may think; you purchase a share of between 25-75% of your new home, using your deposit and a mortgage, and pay subsidised rent on the remaining share. The other part of the home is owned by a housing association or housing development company, like Places for People, this is who you’ll pay rent to, and Shared Ownership homeowners can buy more shares in their property later, if you wish, in some instances up to owning 100% of your home. This is called ‘staircasing’. The more shares in the property you own, the less rent you need to pay on the remainder. With Shared Ownership, the lower deposit and mortgage repayments helps people get onto the property ladder sooner, rather than later.

Shared ownership

Show home viewings available!

Oysterman Place

by Red Loft

Barking, Greater London, IG11 7WZ

1, 2 & 3 bedroom apartments

£73,000 - £115,000 for a 25% share
(£292,000 - £460,000 Full Market Value)

Book a viewing of BOTH show homes here at Oysterman Place! Brand-new 1, 2 & 3-bedroom apartments available to buy through Shared Ownership.Oysterman Place is a collection of 79 one, two and three-bedroom Shared Ownership apartments in Barking town centre. This exciting new development is perfectly placed for enjoying the best of Barking. The Broadway Theatre, Abbey Leisure Centre, local parks, supermarkets, shops and restaurants, as well as schools are all within easy reach.Key Features:Private balcony/terrace to all apartmentsAll apartments benefit from underfloor heatingLandscaped courtyard gardensExcellent transport linksContemporary fitted kitchens with integrated fridge freezer and white goodsFitted wardrobes in all bedroomsSecure cycle storageLease length: 250 years Superbly located for commuting or day-tripping into the capital. Hop on a tube or train at Barking station - less than 10 minutes away on foot - and you'll be in the heart of the capital in under half an hour. For those times when business or pleasure takes you further afield, London City, Heathrow and Gatwick airports are all within easy reach from Barking overground. Priority must go to those who currently live and/or work in the London Borough of Barking and Dagenham. Please note Oysterman Place is a car-free development. There is no parking available to any apartments and parking permits cannot be obtained from the council.*Pets allowed subject to agreeing to the Reside pet policy.

Shared ownership

Sunningdale Park

by Gascoigne - Pees

Sunningdale, Berkshire, SL5 0AR

1 & 2 bedroom houses

£105,625 - £158,125 for a 25% share
(£422,500 - £632,500 Full Market Value)

Welcome to Sunningdale Park, an exclusive new collection of one and two-bedroom homes uniquely nestled in 47 acres of picturesque parkland. Experience a lifestyle perfect to unwind in with nature walks right on your doorstep. Every home is finished to a high specification, with private on-site parking and AEG appliances. Find Ascot and Windsor within easy reach, where you can benefit from the Racecourse and Great Park. Set between Sunningdale and Ascot, your new home is situated in an idyllic countryside setting. You'll also benefit from a fantastic range of local amenities nearby, including prestigious golf courses and leisure facilities. Looking to travel further afield? Nearby Sunningdale station connects you to London in under an hour. Become a part of the local community at the nearby David Lloyd and leisure centres. Spend the weekends enjoying Ascot's cinemas and theatres. World-class spa hotels and restaurants such as Coworth Park and Penny Hill will be just a short drive away. *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: