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 Wokingham, 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 Wokingham?

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 Wokingham?

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 Wokingham?

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 Wokingham?

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

For first-time buyers who think that owning their own property isn’t realistic, Shared Ownership homes in Wokingham could be the answer to getting their foot on the first rung of the property ladder. Help to Buy homes in Wokingham can also be a great option for potential purchasers looking for somewhere they feel truly proud to call home.

If all this sounds like something you would be interested in and you’d like to know what Shared Ownership and Help to Buy properties in Wokingham are available, then make sure you sign up to Share to Buy and register to receive alerts. We’ll notify you when new homes are made available in your desired areas.

Wokingham Borough Council not only governs Wokingham but several other places within that area, including everywhere from Barkham to Woodley. This diversity really reflects what this borough is all about. While the main town of Wokingham might still be the centrepiece, it’s actually comprised of lots of different locations coming together, each with their own distinctive merits to create a wonderful place to live. In short, it’s about variety.

Here you’ll find a thriving community filled with local businesses and bolstered by a shared sense of history and culture. And you can be reminded of this rich past each and every day through the many gorgeous examples of architecture found across the lands.

Speaking of beauty, there’s an incredible assortment of parks and nature reserves to enjoy too, alongside plenty of other exciting days out that are suitable for the whole family. When you combine all this with a wonderful selection of places to eat, drink and relax, as well as convenient public transport along the Waterloo to Reading line, it’s clear that this is simply a great all-rounder when it comes to places to live in the UK. It’s no wonder that it has the highest percentage of homeowners in Berkshire: why would anyone want to leave?

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