Helping you along the buying process

Search for a property in Basildon
Search for a property in Basildon
Tools to check your affordability
Tools to check your affordability
Contact a mortgage broker
Contact a mortgage broker

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 Basildon, 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 Basildon?

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 Basildon?

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 Basildon?

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 Basildon?

Share to Buy lists thousands of Shared Ownership homes all across Basildon 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

We have a wealth of tools, FAQs, guides and blogs to help you understand your options
Search for a property
Find the right home for you in Basildon and register your interest
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 Basildon - Shared Ownership Properties for Sale in Basildon - Share to Buy

Shared Ownership in Basildon

For many first time buyers, that first step on the property ladder can seem unattainable. Luckily, Shared Ownership homes in Basildon can make those dreams a reality. To stay up to date with all new properties in the area, simply sign up to Share to Buy and register to let us know you want to receive alerts when new properties are announced by email.

Help to Buy in Basildon

The government Help to Buy scheme was a first time buyer equity loan which ended in Mach 2023. While Help to Buy properties in Basildon 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 Basildon

Basildon was created in order to accommodate the overspilling population in the capital after World War II. It should, therefore, come as little surprise that this Essex town is the ideal location for those needing to commute to London for work.

It has previously been named the most affordable commuter hotspot by property advisors CBRE, owing to its winning combination of reasonably priced housing and convenient rail connections to London, with train journeys typically taking less than an hour from any of Basildon’s three stations. Add to this great road connections via the A127 and A13 and the town becomes a very attractive part of the London commuter belt for professionals of all ages.

The town also has an abundance of shopping options with East Walk, Town Square and the Eastgate Shopping Centre playing host to hundreds of different retailers. Residents can be entertained by performances at the Towngate Theatre, get active at one of the many leisure and sporting venues across town or simply enjoy the abundance of greenery in places like Gloucester Park, Wat Tyler Country Park or the Marks Hill Nature Reserve.


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