1Eligibility
The first step in buying a home with Shared Ownership is to assess your eligibility.
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Register your interest for West Midlands
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Shared Ownership in the West Midlands
Explore affordable Shared Ownership properties and developments in the West Midlands
Local properties in the West Midlands
The West Midlands covers several counties known for sweeping landscapes, canals, green spaces and rich heritage, as well as vibrant city living. Whether you are looking for a cottage in the country, loft living in the city, or a family home in a small town, the West Midlands delivers it all.
Coming soon
Lucas Place
Shaftmoor Lane, Birmingham B28 8SW
From
N/A
Transport
0.4 miles
Example share
40%
Bedrooms
–
Sold
The Junction
Oldbury, West Midlands B69 3BH
From
N/A
Transport
0.2 miles
Example share
35%
Bedrooms
–
Sold
St Mary’s Village
Ross-on-Wye, Herefordshire HR9 7WQ
From
N/A
Transport
12.4 miles
Example share
25%
Bedrooms
–
Sold
Mercia Reach
Tamworth, Staffordshire B78 3HJ
From
N/A
Transport
1.9 miles
Example share
40%
Bedrooms
–
Why the West Midlands?
- The popular boroughs of Dudley, Coventry and Wolverhampton are all within the West Midlands County area and within easy reach of Birmingham city centre – offering homeowners connectivity without the hubbub of city life.
- There are over 130 independent schools in the West Midlands, the top ranking of which are found in Birmingham, Rugby, and Shrewsbury. Walsall, Solihull and Birmingham have the highest rated state secondary schools, and there are ten Universities in the region for those looking for higher education opportunities.
- The M42, M1, and M6 provide the West Midlands with amazing connections to many parts of the country, and there is also an outstanding rail network too, allowing passengers to get from Birmingham to London in just 2 hours, and just under that to reach Manchester.
- There is a huge choice of NHS and private healthcare options for residents over the six counties in the West Midlands. The Queen Elizabeth Hospital in Birmingham is one of the largest single-site hospitals in the UK.
How does Shared Ownership work?
The Shared Ownership scheme is simple, you buy an initial share of between 25% and 75% of the apartments full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
How do I know what percentage I can purchase?
You can purchase any share from 25% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
How to buy a Shared Ownership home: a step-by-step guide
2Find a home
Search for available properties on our website here. Once you’ve found a property you’re interested in, you’ll need to arrange a viewing.
3Arrange a viewing
To find the ideal home that suits you, it’s best to see the property yourself. Book an appointment with us here to arrange online or in-person viewings.
4Affordability
Speak to a mortgage broker to see how much of the home you can buy.
5Application
To secure the property you’ve fallen in love with, complete the application paperwork and pay the reservation fee.
6Legal paperwork
With the reservation complete, you’ll need to instruct a solicitor and begin your legal paperwork to purchase the property. We make the process as smooth and seamless as possible, including breaking down technical terms with our jargon buster.
7Secure mortgage
Alongside the legal paperwork, you need to find a mortgage that suits you and complete your mortgage application. You can either do this yourself or use a mortgage broker. Your lender will carry out affordability checks to ensure that you can afford the mortgage repayments. See our affordability calculator to understand what you can afford.
8Sign contract
With the mortgage in place, get ready to sign on the dotted line and pay your deposit. This is an exciting part of the process where you’re really close to your dream of homeownership.
9Exchange
It’s time to exchange contracts, which are legally binding agreements between you and us for the purchase of your property. You will also find out more about your completion and move in date during this stage of the process.
10Move in
Congratulations! You can now move into your new home and make it your own.
You’ll still need to pay rent on the remaining share of the property you don’t own. The rent is usually set at 2.75% of the share that you don’t own. You can also choose to increase your ownership share over time, a process known as staircasing.
