Helping you along the buying process

Search for a property in Worthing
Search
Search for a property in Worthing
Search
Tools to check your affordability
Affordability
Tools to check your affordability
Affordability
Contact a mortgage broker
Broker
Contact a mortgage broker
Broker

Shared Ownership FAQs

Find out more
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 Worthing, 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 Worthing?

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 Worthing?

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 Worthing?

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 Worthing?

Share to Buy lists thousands of Shared Ownership homes all across Worthing 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!

Find out more

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 Worthing 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
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 Worthing - Shared Ownership Properties for Sale in Worthing - Share to Buy

For many first-time buyers, their property aspirations can feel just out of reach. Thankfully though, Shared Ownership homes in Worthing can provide that much-needed boost to help you take those vital first steps onto the property ladder. Help to Buy homes in Worthing can also provide potential purchasers with an easier way to lay down roots in a location they truly love.

Keeping on top of Shared Ownership and Help to Buy homes in Worthing is easy. Simply sign up to Share to Buy and register to let us know you want to receive alerts when new properties become available!

Worthing Borough Council is home to its very own seaside town, as well as being located a mere 10 miles from Brighton. So, it’s understandable why so many people wrongly think of this part of the country in general as a holiday destination or somewhere simply for the weekend. After all, it does boast more than its fair share of fun-filled attractions for families and professionals alike.

However, there’s a lot more depth to Worthing than just sand, sea and stunning views across the West Sussex coast. In fact, it’s as good a place to settle down as it is for a weekend escape.

For starters, it has a rich history, as well as a distinctly local culture and sense of individuality. This is celebrated across its museums and many sites of historical interest. Not only that but plenty of these aren’t too bad to look at either, joining with the likes of Worthing Pier in helping provide the area with its picturesque sense of style. Plus, it’s a great place to go for a drink or even a night out, matching its family-friendly holiday credentials with something for the grown-ups to enjoy.

On top of all that excitement, Worthing is also a very practical location to live in, with no less than five railway stations operating within the borough, multiple road routes to LondonBrightonChichester and Portsmouth, as well as a nearby airport. What more could you ask for? 

News

Reduce household bills with new build Shared Ownership homes

Get onto the property ladder in Essex, Greenwich and Wimbledon With inflation rates now at their highest level since the early 1980s, the cost of living crisis is significantly impacting households across the UK. As homeowners face sky high energy bills this winter, the appeal of a new build home, designed to be more energy…

Find out more

Censeo Financial: Five reasons why you should use a specialist mortgage broker

Mortgage brokers offer in-depth knowledge, access to lenders, exclusive deals and more! Introducing Censeo Financial Censeo Financial are an award-winning mortgage broker specialising in Shared Ownership and affordable homeownership. Having been trading for over 16 years, we work with many housing associations, councils and developers and have helped thousands of first time buyers get onto…

Find out more

Webinar: Sovereign at Horlicks Quarter and a live Q&A

Sovereign talk Shared Ownership in Berkshire this October Join Sovereign at 5pm on Tuesday 4th October for a webinar to discover more about Sovereign’s iconic Horlicks Quarter development in Slough and how you could purchase your very own place with Shared Ownership. Chaired by Jade Turnstill from Share to Buy, this webinar is an opportunity to get…

Find out more