Helping people onto the housing ladder

If you’re struggling to get your foot on the housing ladder, shared ownership may be a great option for you.

Whether you’re a new or existing customer, shared ownership is a fantastic opportunity for people who want to get a foot on the property ladder but can’t afford to buy a home on the open market. It allows you to buy a share in a brand new leasehold property (either a house or an apartment) on a part buy/part rent basis and pay a subsidised rent on the part that you don’t own.

Shared ownership is a great way to get a foot on the housing ladder.

How does it work?

Buying a shared ownership home means you can purchase between 25% and 75% of a property from us.


On our newer developments your initial purchase could be as low as 10% (this is linked to the funding that is used to build a development). That means that you don’t need a big deposit.


You’ll pay a monthly rent for the share of the property that we own. Your mortgage and rent may still be less than if you bought the property outright.


For example, buying a 40% share in a property means you need to pay a deposit and mortgage on the 40% share you own and then pay rent on the 60% of the property we own.


Take a look at example charges below:

Full house price:                                     £285,000

25% share price:                                     £71,250

Service charges:                                      £22.00

Management charge:                             £6.65

Buildings Insurance:                              £16.50

Rent:                                                          £489.84

Approx mortgage (5.5%):                      £415.66

*5% deposit paid:                                    £3,563

Total cost pcm:                                    £950.65

*5% of share price being purchased


Example without mortgage included:-

Full house price:                                     £285,000

25% share price:                                     £71,250

Service charges:                                      £22.00

Management charge:                             £6.65

Buildings Insurance:                             £16.50

Rent:                                                         £489.84

Total cost pcm:                                 £534.99


Read the details on the new shared ownership model.

Who is eligible?

To be eligible for a shared ownership home you need to:

  • Have an annual household income of £80,000 or less
  • Not be able to purchase a home suitable for your needs without help.

Priority is given to:

  • Existing social housing tenants and MOD personnel
  • Local priorities as set by the local authority
  • Other first time buyers.

If you’re in a position to buy, with savings available to cover solicitor and mortgage fees and you meet the above criteria for shared ownership, you can apply.

How do I apply?

We sell new shared ownership homes through Signature New Homes, a part of our organisation which builds homes to help people onto the housing ladder.


Visit Signature New Homes to see the shared ownership homes currently available and how to apply.


Take a look at details of other providers in the area who may have Shared Ownership Homes for sale.

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