Your journey to home ownership starts here

Shared Ownership allows you to buy a portion of a property, generally between 25% and 75%, although sometimes as little as 10% of the full market value. This is quite a big range, so you’ll need to think about what percentage is affordable to you and what deposit you have available, or you’ll realistically be able to save.

We encourage our customers to buy the biggest share that they can afford, but generally we recommend that between 25% and 45% of a person’s monthly household income should go towards the cost of housing. We recommend talking to your mortgage broker to understand more about your affordability.

Please speak to one of our Sales Consultants who can put you in touch.

Yes, your service charge or estate management charge will be included as part of the total monthly costs of your new Shared Ownership home. Our sales consultants will explain this as part of your purchase.

Service charges will be used to cover communal areas of apartments and coach houses, such as: 

• Roofs, external pipes or drains
• Communal gardens or external areas
• Cleaning and building insurance

For Shared Ownership homes, your estate management charge will contribute towards: 

• Grounds maintenance, including grass cutting and upkeep of outdoor spaces
• Landscaping, such as car parks and footpaths
• Security and insurance

Ground rent is not generally applicable on our developments, but your legal representative will confirm this in relation to any property you are looking to purchase shares of.

If you haven’t owned a property before, then it’s possible that you won’t need to pay Stamp Duty on your first Shared Ownership home. This is due to the minimum threshold at which Stamp Duty is charged on a purchased home. With the changes to Stamp Duty as of 1st April 2025, however, this may differ depending on your specific circumstances. 

Shared Ownership buyers have two options when paying Stamp Duty: 

• You can choose to pay stamp duty on the full value of your home, and effectively get this financial lump sum out of the way early. This option also means you won’t need to pay stamp duty after, even if you staircase to a larger share down the line.
• You can pay stamp duty on the share you’ve purchased, instead. If you’re buying a 10% share in a £250,000 home, this may mean you won’t pay any stamp duty as part of your initial purchase.

There are benefits to choosing either option, and a tax advisor will be able to guide you towards the most suitable approach for your situation.

Most buyers find that Shared Ownership is cheaper than renting, despite rent and mortgage costs combining each month. This is because your costs are calculated based on your percentage of ownership, rather than privately renting, which is often much harder to quantify. 

To get a clearer picture of how much you might end up paying on a new Shared Ownership home, take a look at our handy Affordability Calculator, which will break down your predicted outgoings.

Absolutely! It’s a common Shared Ownership myth that you can’t make changes to your home, but you can personalise your new property in a variety of ways, including: 

• Furniture to fit your unique aesthetic
• New wallpaper to brighten up your rooms
• Painted walls to make a statement

The only instance in which you’d need to obtain permission from your property manager (such as Legal & General Affordable Homes) is if your home improvements affect the structure of the house. This includes fitting a new kitchen or bathroom.