Helping you along the buying process

Search for a property in Elephant and Castle
Search for a property in Elephant and Castle
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 Elephant and Castle, 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 Elephant and Castle?

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 Elephant and Castle?

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 Elephant and Castle?

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 Elephant and Castle?

Share to Buy lists thousands of Shared Ownership homes all across Elephant and Castle 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 Elephant and Castle 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 home ownership options including Shared Ownership and Help to Buy
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 Elephant and Castle - Shared Ownership Properties for Sale in Elephant and Castle - Share to Buy

Taking that initial step onto the property ladder can often feel out of reach for many first time buyers. That’s where Shared Ownership homes in Elephant and Castle can help make those property aspirations achievable. Help to Buy homes in Elephant an Castle can also allow buyers to settle down in their ideal location.

Want to stay on top of the latest Shared Ownership and Help to Buy properties in Elephant and Castle? All you need to do is sign up to Share to Buy and register to receive alerts, then you can leave all the hard work to us. We’ll send you email alerts when new properties are added to your desired area.

It may have one of the most fascinating histories of any area in Central London. After all, you don’t get a name like Elephant and Castle without having several interesting stories to your name. But beneath the intrigue is one of the most innovative, modern, fast-changing and culturally diverse areas in a city which has made its name by excelling in every single one of those areas.

If you want the best bars and clubs that the capital has to offer, then you won’t need to look far here. Meanwhile, local businesses beautifully showcase the creativity and spirit of the community.

Let’s not forget about that history just yet though. This is London after all and in Elephant and Castle, you’ll be a stone’s throw from the likes of Big Ben, the Tower of London and the Imperial War Museum. Throwing these things in with the wide variety of cultural hotspots, as showcased by the district’s Latin American cafes, gives a quick glimpse into the fascinating melting pot which makes Elephant and Castle so special.

That’s not all though. Of course, there is the matter of the location itself. Not only does Elephant and Castle’s location come in handy for visiting any of the attractions we’ve mentioned – alongside countless more that we haven’t – but it’s no secret that London is a city of employment and educational opportunities.

Along with the exciting prospects within the local area itself, the excellent public transport system also means that Elephant and Castle can really take you to wherever you want to go. Buses, the Underground and the National Rail all open residents up to endless possibilities!

A lot has changed in and around Elephant and Castle over the last few decades – indeed, an ability to adapt is one of its key strengths. However, what has remained the same is its versatility. Today, it provides the perfect place to live for people with a huge variety of interests, needs and goals.


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