Finding a home to buy

find a home to buy

Shared ownership is an affordable way of getting on the property ladder. You buy a share, usually with a mortgage, and pay a reduced rent on the rest.

It helps you to buy a home, if you can't afford a large deposit and mortgage payments, for a home that meets YOUR needs.

You can see homes we currently have available for shared ownership - both resales and new builds at the bottom of this page.

What is shared ownership?

  • What is shared ownership?

    Shared ownership gives first time buyers, and those that do not currently own a home, the opportunity to purchase a share in a new build or resales property.

    You would pay a mortgage on the share you own, and pay a subsidised rent on the remaining share to a housing association (like us).

    Although the housing association owns part of it — it's your home. You will own a share of the property on a leasehold basis and have the same rights and responsibilities of a full homeowner.

    Because you'd only need a mortgage for the share you're purchasing, the amount of money required for a deposit is usually a lot lower than the amount required when purchasing a home outright.

  • There are lots of benefits to buying a shared ownership home
    • Helps you get on the property ladder.
    • The rent is less than the rate charged on the open market.
    • You can start with a little as 25% share in many cases.
    • Your deposit will be 5-10% of the price of the share, not of the full market value of the whole property.
    • Stamp Duty Land Tax (SDLT or simply ‘stamp duty’) can generally be deferred until your share reaches 80%
  • Rural shared ownership homes

    Due to planning conditions in rural areas, most of our shared owners are restricted to 80% ownership. This restriction enables us to keep our properties as affordable homes and ensure they benefit local people.

    For most of our homes, purchasers will need to have a local connection to the village.

How do I get started to purchase a shared owner home?

  • Register with a Help to Buy agent

    If you’re interested in buying a shared ownership home, either a new build or a resale, you must register with a Help to Buy agent.

    For this area the agent is Help to Buy Midlands and London.

    On their Help to Buy website you can:

    • find out much more about shared ownership, the benefits and process
    • check about eligibility
    • complete an online application form

Shared owner homes currently for sale

New build shared owner homes currently in development

Further information and keeping up-to-date