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Home > Find a home > Buy a home > Shared ownership
Shared ownership

Shared ownership

Shared ownership

Shared ownership - am I eligible?

Our shared ownership opportunities are open to everyone as long as you can meet some simple conditions.

  • You can afford all the costs of buying, owning and running your home
  • Your household income must normally be less than £80,000
  • You don’t own (or part-own) any other property
  • On some of our smaller, rural developments we may be asked to sell to local people as a priority

Shared ownership – can I afford it?

Shared ownership is a great, affordable way into the property market. But you do need to make sure you can afford the mortgage and the rent, and that you’ve got enough savings to cover the costs of buying your home, including a minimum deposit of 5% of the share you want to buy.

We estimate you’ll also need to have between £4,500 and £6,500 to cover the costs of buying and moving into a new home. These costs include:

  • survey and/or valuation fees
  • mortgage application fee
  • legal fees
  • gas and electric tests
  • local council searches
  • land registry fee
  • stamp duty (if applicable)
  • reservation fee
  • moving costs

Don’t forget – once you become a homeowner you’ll need to make sure you can cover all the costs of owning and running a home, including:

  • mortgage repayments
  • rent payments
  • insurance
  • service charges
  • repairs and maintenance (eg annual gas boiler service)
  • utility bills (gas, electricity, water, etc)
  • council tax

What are the options?

  • New homes
  • Resales – shared ownership properties where the current homeowner wants to sell their share and move on
  • New homes for the over 55s who need extra care

What next?


Register to receive details of our latest new shared ownership properties



Contact Us

Pen

Soha Housing
Royal Scot House
99 Station Road
Didcot
Oxfordshire
OX11 7NN

Phone

01235 515 900
0800 014 15 45

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