Helping you along the buying process

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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 Nottingham, 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 Nottingham?

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 Nottingham?

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 Nottingham?

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 Nottingham?

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

For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Nottingham can help them to take those vital first steps on to the property ladder. Help to Buy homes in Nottingham can also help potential purchasers to put down roots in an area they love, and finally, find a place to call their own.

If you want to keep up to date with Shared Ownership and Help to Buy homes in Nottingham, all you have to do is sign up to Share to Buy and register to receive alerts. We’ll then automatically notify you when new properties become available.

While many may only associate Nottingham with the tales of Robin Hood and his band of merry men, the residents of this stunning historical city know there’s much more to this land than men in green tights. Speaking of green, the entire area is circled in stunning greenbelt land, which also makes its way into the cityscape. This means Nottingham is an exceptionally beautiful place to live, thanks to its many parks and wide-open natural spaces.

Perhaps the cherry on top of this city’s truly unique good looks is that it’s not one to forget its illustrious past. This is exemplified through its many historical buildings and places of interest, which add a dash of intrigue to the landscape: peppered with plenty of stunning Victorian architecture. Certainly, this is a place with enough to keep even the most ardent of history buffs interested, especially when you factor in its incredible array of museums too.

However, Nottingham is far from stuck in the past. It boasts award-winning public transport links, which open up the rest of the country to those who call it home, alongside playhouses that showcase the best of the region’s theatrical scene, a terrific selection of music venues, allowing you to catch both upcoming acts and established big names, and enough pubs and restaurants to satisfy anyone, no matter their tastes.

Nottingham has improved so much in the last few decades that it’s now one of the best places to live in the UK in terms of living standards, as well as being one of the country’s top tourist destinations. If that wasn’t enough, it’s also considered a cultural and sporting hotspot, being called both a city of literature and “Home of British Sport” by Visit England.

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