What is Shared Ownership?

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder. Buyers purchase a share of property, and pay rent on the remaining share. Shared Ownership is a great way for first time buyers to get on the property ladder, as it can dramatically reduce the amount required for a deposit. Shared Ownership has helped thousands of first time buyers onto the property ladder in England.

Share to Buy is a national Shared Ownership property portal, also listing Help to Buy, rental and other affordable home ownership properties. You can search for properties, use our helpful guides and FAQs to get all the info you need and we can even help you search for mortgages and conveyancing solicitors.

Latest news

Origin Housing: Shared Ownership homes available at Harrow One

Contemporary first time buyer apartments for sale in Greater London Recent research has revealed that one third of first time buyers continue to list access to public transport in their top priorities when searching for their new home. Known for its excellent transport links across the capital and beyond, the London Borough of Harrow is home to 10 tube…

SiteSales Property Group: Shared Ownership now available in East London

Two bedroom apartments with year-long month service charge holiday in Newham Traders’ Quarter, Royal Wharf E16 Each apartment at Traders’ Quarter in East London offers a high quality specification throughout, which is especially noted in the kitchen where you will find Siemens appliances, Silestone worktops, tiled splashbacks with LED under unit lighting and white gloss…

Step onto the property ladder in London with Shared Ownership

Check out five of the top first time buyer homes in the capital! London has long been a highly competitive property market, signalled by the average starter home price increasing 1.2% year on year and the resulting sky-high deposits needed to get on the ladder.  Alternative routes to home ownership, such as Shared Ownership, are helping open…

Government announce further Help to Buy extension due to COVID-19

Current equity loan applicants have until end of May to complete on their new home Homes England have confirmed that those buying a home through the current Help to Buy scheme, which was due to expire at the end of March, will now have until Monday 31st May 2021 to complete on the purchase of…

Does Shares Ownership mean sharing with someone else?

No – this is a common misconception but the ‘shared’ aspect of the scheme is because you’re sharing ownership of your home with a housing association.

If you decided to buy a Shared Ownership home, you’re effectively purchasing a portion of your property. Your initial share will be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.

Can I ever fully own a Shared Ownership home?

Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.

When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.

If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.

Do I meet the eligibility criteria for Shared Ownership?

As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.

For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.