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Search for a property in Redditch
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Tools to check your affordability
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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 Redditch, 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 Redditch?

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 Redditch?

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 Redditch?

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 Redditch?

Share to Buy lists thousands of Shared Ownership homes all across Redditch 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
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Find the right home for you in Redditch and register your interest
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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 Redditch - Shared Ownership Properties for Sale in Redditch - Share to Buy

A lot of first time buyers can be left feeling disheartened that home ownership is beyond their reach. Thankfully, Shared Ownership homes in Redditch could be the answer to getting that vital first step onto the property ladder. Help to Buy homes in Redditch also offer affordable options to buyers looking to get the keys to their dream home.

Do you want to stay updated with the latest Shared Ownership and Help to Buy properties in Redditch? Well, it couldn’t be simpler! All you need to do is sign up to Share to Buy and register to receive alerts when new properties are added to your desired area.

Two of the things Redditch is best known for are its astonishingly beautiful green belt areas, parks and natural assets – such as the wonderful 900-acre Arrow Valley Country Park and Lickey Hills Country Park – and the many stunning feats of architecture that are found here, including Coughton Court, Hanbury Hall. Considering this, it should come as no surprise that Redditch is incredibly easy on the eye. And if you aren’t already aware of its aesthetic charms, then you surely will be after a visit to any one of its unique districts.

However, Redditch is not merely a pretty face. There’s plenty of substance to all of this style. Take, for instance, the examples we have already given. Those buildings and areas are gorgeous, of course, but they are also places where you can get out and about, enjoy and create experiences with your loved ones and learn something new.

Speaking of which, Redditch is also rich in its reverence for the past, as can be seen by the Avoncroft Museum of Historic Buildings and even the Fore Hill Needle Museum. This, if you’re unaware, celebrates the area’s history as the international centre for needle-making: just to show off how diverse and interesting Redditch’s past truly is.

Despite these cultural attractions, you mustn’t mistake Redditch for anything other than a distinctly modern town. In fact, it became the model for new town planning way back in the 1960s and being ahead of the curve is something that has been kept up ever since. Just check out the diverse range of educational and employment opportunities that are available to this day. That’s not to mention the transport links which provide even greater prospects.

This is all alongside the many businesses, which not only provide jobs locally but also create the convenient modern community that residents and visitors of the area now enjoy. Redditch is a place where you can just as easily take a stroll in the park or learn something new in a museum as you can head down to a shopping centre or take a train into the city. For many, that balance will be vital to providing the perfect home.


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