Shared Ownership Scheme

Exploring Help to Buy and Shared Ownership schemes

Photo of new home example of available on shared ownership scheme or help to buy schemes in UK

Have you ever heard the words “shared ownership”, or “Help to Buy” but always wondered exactly what people were talking about?

The world of affordable home ownership might seem like a complex one, particularly for first-time buyers, but here at HomeFocus we strive to cut through the jargon and tell you exactly what you need to know.

Thanks to the sky-high prices of homes and houses nationwide, people right across the country are being priced out of the open market, and add that to the extortionate cost of renting, it’s no wonder that people are struggling to get a foot on the property ladder.

However, there are affordable home ownership schemes in place to help you buy your own home - and the key word there is affordable.

WDH's Event On 24 February Opens Door To Home Ownership

WDH's Event On 24 February Opens Door To Home Ownership

On 24 February at their show home at Royal Wells Park, Crofton, WDH is aiming to make home ownership affordable for first time buyers.

On offer is WDH’s affordable Shared Ownership scheme, a way for many to take their first steps on the property ladder.

Affordable housing schemes are more desirable than ever as recent research revealed the importance of owning a home for young adults. A Yorkshire Building Society study showed that on average, young people consider owning a property more important than career success, academic achievements, and even marriage.

Benefits of the scheme include smaller deposits, a quality modern home which is likely to increase in value, and the opportunity to purchase the full property when financially ready.

Shared ownership helps first time buyers onto ladder for less than £12,000

Jessops at new providence Wharf Genesis

According to research from Nottingham Building Society, raising a deposit is still the biggest hurdle for nearly half of all first time buyers[1]. With the average deposit in London at a staggering £95,693[2], it is easy to see why. Offering a more affordable option for those struggling to save is Shared Ownership, which is available at Genesis’ Jessop at New Providence Wharf in E14. Thanks to the scheme, buyers could get on the ladder with a deposit from as little as £11,106, just 11% of the average[3].

Top tips for buying a Shared Ownership property

Wendy Hegarty, Partner, Red Loft Sales

by Wendy Hegarty, Partner, Red Loft 

Shared Ownership has grown in popularity over the past decade and is now one of the best ways to buy, particularly in an area you never thought you could afford to live in. Shared Ownership schemes work by enabling homebuyers to purchase a share in a new home and pay a subsidised rent to the housing provider on the remaining share along with a monthly service charge. 

Home Buyers can own an equity share in the property, anything from 25% to 75% dependent on what is being offered by the vendor and what the financial assessment has deemed the buyer can afford. Additional shares in the property can be purchased at any time; this process is known as staircasing. 

Shared Ownership helps young family in Horley get on the property ladder

Danielle and Daniel Case Study Thames Valley Housing

For Danielle Angel (28) and Daniel Stewart (30), the decision of whether to continue renting or take that step onto the property ladder was made easy after hearing about Shared Ownership. 

New homes by Thames Valley Housing in Horley, Surrey near to where they were previously renting in Reigate, became available earlier this year and provided the opportunity they’d be waiting for to afford to buy their new home.

“I know that living in a two-bedroom apartment with our two-year-old son Finley, eventually we’d need a larger home,” says Danielle, “so I’d signed up to receive email alerts from Thames Valley Housing but I didn’t expect to see something so perfect for us, so soon.”

Shared Ownership allows me to live in the area I want

Jo Tyler at Bermuda House, bought using Shared Ownership Scheme


According to recent figures about 200,000 UK households live in Shared Ownership homes and with developments like Bermuda House in Hampton Wick, this number will continue to grow. 

34 year old Jo Tyler has just moved into her one bedroom Shared Ownership apartment at Richmond Housing Partnership’s Bermuda House in the riverside village of Hampton Wick. Jo had been living in rented accommodation in Twickenham area for many years and was keen to settle down and invest in her own home.