Helping you along the buying process

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Search for a property in Woking
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Shared Ownership FAQs

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Does Shared Ownership mean sharing with someone else?

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

If you decide to buy a Shared Ownership home in Woking, you’re effectively purchasing a portion of your property. Your initial share will usually 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 in Woking?

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 homes in Woking?

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.

How much does Shared Ownership cost in Woking?

Shared Ownership properties enable you to put down a smaller deposit compared to those required on the open market – buyers will usually need to put down 5% to 10% of the share that they’re buying, rather than the full market value of the home.

On a monthly basis, buyers will be required to pay their mortgage, a subsidised rent and service charge on their home, however, these repayments often work out cheaper than or equal to renting privately in the same area. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy.

Are there Shared Ownership homes in Woking?

Share to Buy lists thousands of Shared Ownership homes all across Woking and beyond – including new build properties and those available through resale.

Shared Ownership is available on a variety of homes including cosy studios, stylish apartments and traditional family homes. Check out our property search tool to start looking for your new home today!

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The steps to find your new Shared Ownership home

1
Research
We have a wealth of tools, FAQs, guides and blogs to help you understand your options
2
Search for a property
Find the right home for you in Woking and register your interest
3
Speak to the specialists
Contact a Mortgage Broker and Solicitor Panels to help you through the buying process

Find your home with Share to Buy

Learn more about the UK's leading first time buyer property portal, specialising in affordable homeownership options including Shared Ownership, First Homes and Deposit Unlock.
Start your search today
Who are Share to Buy?

Share to Buy is the leading online portal for Shared Ownership properties. Established in 2004 as the UK’s first specialist online mortgage broker for affordable home ownership products, the site has since developed into a one stop shop for first time buyers, offering the country’s largest listing of Shared Ownership homes from many of the UK’s biggest housing providers.

Why should I register with Share to Buy?

Share to Buy is the nation’s biggest and best established affordable home ownership property portal, making it the ideal website for first time buyers looking to take that first step onto the property ladder.

Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.

Acting as a one stop shop for first time buyers, Share to Buy also offers handy FAQs and guides, interactive mortgage tools, mortgage broker and conveyancing panels, and live events to help potential purchasers on their home-buying journey.

Can I advertise my home on Share to Buy?

If you are a housing association or developer selling properties through Shared Ownership, Help to Buy and other affordable home ownership schemes, we can list your new build and resale homes on the Share to Buy property portal.

As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home.

Find out more about advertising your Shared Ownership property on Share to Buy.

Shared Ownership Woking - Shared Ownership Properties for Sale in Woking - Share to Buy

Shared Ownership in Woking

Unfortunately, many first time buyers think that purchasing their own home isn’t something they can manage. Shared Ownership homes in Woking can surprise many people by bringing the property ladder within their reach. If you’re looking to put roots down in an area you love, then you can keep on top of Shared Ownership homes in Woking by signing up to Share to Buy and registering to let us know you want to receive alerts when new properties are announced via email.

Help to Buy in Woking

The government Help to Buy scheme was a first time buyer equity loan which ended in Mach 2023. While Help to Buy properties in Woking are no longer available, there are a number of alternative home-buying schemes available including Shared Ownership and other affordable home-buying and rental options. Start the search for your new home on Share to Buy.

Living in Woking

For many professionals who work in London, finding a place to live which offers a decent commute time, quieter environment and more affordable property prices can be a serious challenge. Luckily, for many, Woking is the best possible solution to this dilemma.

It’s found on the London commuter belt, only 24 minutes from Waterloo Station. This means that you really do get the best of both worlds with all that Woking has to offer, yet just a stone’s throw away from the amazing sights and experiences of the capital.

Woking boasts a love of culture, which can be seen throughout the streets, thanks to some incredible displays of public art. This passion also shines through in the likes of The Lightbox art gallery and museum, as well as the New Victoria Theatre, to give but a couple of examples. Add plenty of stunning gardens and parks, alongside intriguing historical sites that really give you a sense of how Woking has evolved over the years.

News

London Home Show Sponsors: Meet SO Resi

Shared Ownership ticks all the boxes for first time buying in London New data from Rightmove reveals that the average asking price for a home in London crept up 2.8% in February 2024 – a real terms increase of £18,439 since January 2024. This is a serious concern for potential home buyers, who simply cannot…

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London Home Show Sponsors: Meet Guinness Homes

Discover your dream home through Shared Ownership “Guinness Homes are excited to be returning to Share to Buy’s London Home Show on April 13th and we’re delighted to showcase a range of stunningly contemporary developments across London and connecting towns. We have our last few homes at the ever-popular Leaside Lock (Bromley-by-Bow), ready to move…

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London Home Show Sponsors: Meet Abri Homes

Offering the best choice for commuting to the capital With the rising cost of living, many Londoners are making the decision to leave the capital and relocate to one of the increasingly popular ‘commuter towns’ in surrounding counties. Offering more affordable housing and lower living costs, these towns are a fantastic option for those looking…

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