Shared Ownership homes near you
An introduction
Have you dreamt of buying your own home, but felt the traditional path was just out of reach? Shared Ownership could be the key you’re looking for. This government-backed initiative is designed to help you step onto the property ladder, turning your aspiration into a reality. Think of it as a pathway, making that home you’ve imagined more attainable.
Imagine finding a home perfectly suited to your budget, where you begin by owning a share – typically starting from 10% up to 75%. You’re not merely renting; you are a part-owner, building equity while paying rent on the portion of the property you don’t yet own. It’s a significant first step into a place you can truly call yours.
Lower deposits, higher dreams
One of the biggest hurdles in buying a home is often the deposit. Shared Ownership could ease this burden significantly. Instead of saving for a deposit based on the property’s full market price, you only need a deposit for the share you are purchasing. This is often around 5% or 10% of your share’s value, making it considerably more manageable than buying on the open market.
- Your deposit is calculated only on the share you buy.
- The minimum deposit is usually 5% of the share price, though having more might secure better mortgage rates.
- The specific share you can buy depends on affordability, eligibility, and sometimes the rules of the particular development.
This approach puts your new home within reach, removing the pressure of saving for an overwhelmingly large sum.
The exact percentage share you’ll be able to purchase will be determined by eligibility, affordability, and development-specific criteria. Some Shared Ownership homes limit the maximum share you can purchase; we will let you know if this applies to your home. The deposit percentage amount will depend on your individual eligibility with mortgage lenders. Five per cent is considered a minimum, and you may benefit from lower mortgage rates if you have a higher deposit available.
Our available homes near you
Our developments are shown below, each offering a thoughtful mix of modern design, great locations and accessible options through Shared Ownership.
Use the search tool to explore the development nearest to you. This interactive map helps you understand what’s available in the areas you love, giving you a clear picture of where your next chapter could begin. Whether you’re looking for 2 & 3 bedroom houses or something larger, this map links through to the development page guiding you on pricing and availability.