Shared Ownership

Shared ownership is designed for people who cannot afford to buy a house on the open market but still want to get on the property ladder.

An initial share is bought (usually between 10 to 75 per cent) and rent is paid on the remaining part. There are two monthly payments, one for the mortgage and one for the rent. However, these are still less than the mortgage would be on an open market property.

The other share in your home is owned by a housing association or a developer. It may be possible for you to increase or decrease the share you own later. This is known as staircasing.

When you sell a shared ownership property, the proceeds are split according to the shares that you and the housing association or developer own. For example, if you own a 50 per cent share, you would get 50 per cent of the value of the property when you sell it.

However, if you had staircased, for example, from a 50 per cent to an 80 per cent share, you would get 80 per cent of the value of the property when you sell it.

To find out more about Shared Ownership, please click here.

To check if you are eligible to buy a Shared Ownership Home, please use the Shared Ownership Scheme Eligibility Checker. 

To find an organisation in West Berkshire that sells Shared Ownership homes, please visit the Shared Ownership Provider Search.