Helping you along the buying process

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Search for a property in Portishead
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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 Portishead, 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 Portishead?

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 Portishead?

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 Portishead?

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 Portishead?

Share to Buy lists thousands of Shared Ownership homes all across Portishead 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 Portishead 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 Portishead - Shared Ownership Properties for Sale in Portishead - Share to Buy

If you’re a first-time buyer and are worried that home ownership may be out of reach, then Shared Ownership in Portishead could help you take that first step onto the property ladder. Help to Buy homes in Portishead can also make it easier for buyers to settle down in an area they really love.

To stay on top of Shared Ownership and Help to Buy homes in Portishead, all you need to do is sign up to Share to Buy and register to receive alerts. Then you can leave it to us, as we’ll automatically notify you when new properties are added to your desired area.

Offering all the benefits you’d expect from a coastal town, Portishead boasts a bustling modern marina, stunning natural scenery and even its own sand and rocky stretch of beach. However, it’s not just postcard-perfect good looks that make this such a wonderful place to call home.

One of the fastest growing towns in the UK, Portishead is located just 10 miles west of the major city of Bristol. This, coupled with the fact that there are excellent road links via the M5 and reliable bus connections to Bristol city centre, makes the town an ideal choice for people who work in the bigger city but want to avoid the hustle and bustle – not to mention, more expensive prices – that go with it.

Additionally, it’s just a short journey on the M5 to get to Exeter, with Birmingham being just an hour and a half away, and a drive to London taking just two and a half hours via the nearby M4. And if your destination is even further afield, then Portishead residents can enjoy the close proximity of Bristol Airport for those holiday escapes.

Its convenient location overlooking the Severn Estuary is just one of the many advantages of life in Portishead though. There are also diverse shopping options, a wealth of family-friendly attractions and exciting calendar events, including the Portishead Carnival and Raft Race. There truly is so much more to Portishead than just its sparkling azure waters.

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