Shared ownership houses for sale | What is shared ownership?

How does it work?

Eligibility

Staircasing

Considerations

Shared ownership houses

Shared ownership

Tillingbourne Gardens

by Gascoigne - Pees

Gomshall, Surrey, GU5 9LQ

1 & 2 bedroom apartments and 3 & 4 bedroom houses

£74,375 - £191,250 for a 25% share
(£297,500 - £765,000 Full Market Value)

Tillingbourne Gardens is a new collection of one-, two-, three- and four-bedroom apartments and houses available on Shared Ownership set in the pretty village of Gomshall. You’ll have Gomshall train station within walking distance, connecting you to London in just over an hour. The village is also home to The Gomshall Mill, a refurbished 11th century Mill. Tillingbourne Gardens benefits from local amenities including a convenience shop, petrol station, pubs and vets. Nearby Dorking provides a further range of shops and eateries. *The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home. Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these. **These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.

Shared ownership

Saltwood Avenue

by Mann

Dartford, Kent, DA9 9TH

1 & 2 bedroom apartments

£104,000 - £116,000 for a 40% share
(£260,000 - £290,000 Full Market Value)

Discover Saltwood Avenue, a stunning collection of contemporary 1 and 2 bedroom apartments set within the beautifully regenerated grounds of a former chalk quarry in Dartford, Kent. These stylish new homes combine modern design with a sense of natural tranquillity — offering the perfect balance between town and country living. Each apartment features spacious open-plan layouts, sleek fitted kitchens with integrated appliances, and private balconies or terraces that invite light and fresh air throughout. Landscaped communal areas and green open spaces create a welcoming neighbourhood feel, while energy-efficient design ensures comfort and sustainability. Perfectly positioned for commuters, Saltwood Avenue offers excellent transport connections — with Dartford and Stone Crossing stations nearby and Central London just under an hour away. Local shops, schools, and leisure amenities are all within easy reach, making it an ideal location for professionals, couples, and young families alike.

Shared ownership

Latimer at Summerhill Gardens

by Latimer Homes

Hailsham, East Sussex, BN27 3PN

2 bedroom houses

£118,125 for a 35% share
£337,500 Full Market Value

Discover a delightful collection of new two and three bedroom houses available with shared ownership. The development is nestled on the edge of the scenic South Downs National Park, in the market town of Hailsham. Summerhill Gardens offers the perfect blend of market town life near the coast and peaceful countryside living, making it an ideal choice for families and first-time buyers alike. Enjoy a relaxed lifestyle in the beautiful surroundings of East Sussex. Availability: limited homes remaining on current release, don't miss out!

Shared ownership

How does Shared ownership work?

Shared ownership allows you to buy a share of a new house and pay rent on the remaining part. It is a government-backed incentive scheme, primarily aimed at helping first time buyers onto the property ladder. You can also use it to buy a bigger home than you can afford on the open market.

The percentage you can purchase may be different depending on where you buy the home:

In England, you can buy shares of between 10% and 75% of the full market value
In Scotland, you can buy a 25%, 50% or 75% share
In Wales, you can buy shares of between 25 and 75% of what the home is worth

Shared ownership is also known as ‘part-buy, part-rent’.

You will purchase your shared ownership property via a housing association or council. The home will be a new build or a re-sale of an existing shared ownership property, of which you’ll need to purchase the same percentage of shares as the existing owner, or more.

You will need a deposit and a mortgage on your share of the property that you are buying. The remaining share is owned by the housing association or council, and you will pay rent comprising up to 3% of this amount.

Although the housing association may have shares of up to 90% in your home, you will become the owner of the lease. As the leaseholder, you will be responsible for repairs inside the property and the housing association will take care of the outside.

To cover any costs that might be necessary for outside work, you will need to pay a service charge, usually paid monthly. It is a good idea to find out how much the service charge is and factor that into all monthly outgoings before you agree to buy.

Shared ownership eligibility

In England, this scheme is available to those in a household with a combined income of less than £80,000 a year (or £90,000 in London), and you are unable to afford a deposit and mortgage payments on a suitable property for you and your family. In Wales, you must have a combined income of less than £60,000.

There are other criteria you must meet, such as:

being a first time buyer, or
if you used to own a home but can no longer afford to buy outright, or
you want to move from one shared ownership property to another, or
you're setting up a new household, for example after a relationship breakdown, or
you currently own a home, and wish to move but cannot afford to buy outright.

You will also need to have no outstanding credit issues, so make sure you get your finances in order before you apply.

Criteria varies by country, so be sure to check before applying.

A development of Shared Ownership homes in England

What is Staircasing in Shared ownership?

You can buy additional shares of your home, usually in increments of 10%, until you own the majority or all of your home. Some older leases set the minimum amount at 25%, and newer ones may allow you to buy as little as 5% at a time. There are some instances where you may be able to buy 1% shares.

This process is called staircasing and allows you to own more of your home as you earn more money or can afford a bigger mortgage. Each time you wish to purchase more shares, these will be based on the value of the home at the time of buying the shares, and not the value of your home when you first bought it.

You will need to pay for a professional valuation of your property to determine the value of the shares before you can buy them. Buying more shares in your home will also mean paying less rent.

Things to consider before buying a Shared ownership home

There are other factors which may impact your decision on whether shared ownership is right for you:

You will still need a deposit for the mortgage portion of your home, usually between 5% and 10% of the value of the mortgage.
All usual moving fees apply including surveys, stamp duty and legal costs.
If you’re aged 55 or over, you may be eligible for Older People’s Shared ownership (OPSO) but bear in mind, you will only be able to own up to 75% of your home.
If you are a key worker, then a percentage of properties through housing associations will be allocated to those who work for the NHS, police, local authorities, Ministry of Defence and many more. Ask the housing association for more information.

Useful links

Find out more about shared ownership in England

Find out more about shared ownership in Scotland

Find out more about shared ownership in Wales

Shared ownership providers

The following housing associations and developers have shared ownership properties available throughout the UK which you can enquire via this website: