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Shared Ownership

Southern Home Ownership are dedicated to providing high quality design and customer service exclusively for home for sale on a shared ownership basis. If you're a first time buyer wondering how you will ever be able to buy your first home, we think shared ownership could be the answer.

What is Shared Ownership?

Shared Ownership allows you to buy a share in a home with a mortgage and savings or deposit. Whilst you only purchase a share, you live in your home as if you owned it outright. It's a government backed initiative that could be your stepping stone route onto the property ladder.

Shared Ownership is the affordable home ownership option. It can also be cheaper than renting privately. The mortgage cost and low rent usually add up to less than the equivalent rental payments to a landlord.

Pricing for shared ownership properties is more strictly regulated than it is on the open market, so you can be sure the price you pay accurately reflects the market value at the time. The homes at all our developments are valued by an independent qualified surveyor from the Royal Institute of Chartered Surveyors (RICS).

How Does Shared Ownership Work?

How Shared Ownership could work for you is quite straight forward - you buy as much of a property as you can afford, usually at least 25% and a maximum of 75%, and you pay a subsidised rent to us on the rest.

You only need a deposit and a mortgage for the share you are purchasing. At any time in the future, you can 'staircase' - meaning you can buy additional shares. As you purchase more shares the rent reduces, and when you own 100% of the property you will not need to pay rent at all.

If you decide to sell your home, and haven't staircased to 100%, we are on hand to help. For an initial 8 week period, we will try to introduce a buyer, often an applicant that's already registered and waiting for a shared ownership.

Am I Eligible?

Southern Home Ownership provide shared ownership homes for first time buyers who are otherwise unable to afford to buy a suitable home. In some circumstances we will consider applications from existing home owners. However they must be selling or have sold their home and will be reviewed on a case by case basis.

We give a high priority to applicants who, by buying a home through us will free up a public sector home, or are serving military personnel, to assist with recruitment and retention. Household income requirements and specific eligibility criteria is advertised under each development listing on this site.

Who is Southern Home Ownership?

Southern Home Ownership is a Shared Ownership specialist, offering award winning affordable new homes in Greater London and Southern England. We have been helping buyers into affordable home ownership for over 30 years, helping over 4000 households.

Our team of affordable home ownership experts have over 25 years of experience helping first time buyers achieve the dream of owning their own home, and are here to guide you through the exciting process of buying your shared ownership property.

Southern Home Ownership is a subsidiary of Southern Housing Group, one of the largest housing associations in southern England, who own and manage 28,000 homes for more than 67,000 residents.

Testimonials

Southern Home Ownership have been helping buyers into affordable home ownership for over 30 years, and have helped more than 4000 households into home ownership. Below are some testimonials from some of the people we've helped.

Tim - London

It’s a great feeling now knowing that I have something that I can call home and will help me out in the years to come when I have to think about slowing down and retiring. Everything was so easy which made it a very stress-free experience. I would definitely recommend it as a means to get onto the property ladder.


Jordan - Hackney

Shared Ownership is cheaper than renting, I feel a sense of security especially having a two year old son. I feel like I can make personal changes to the décor. Whereas before, because I was renting I couldn’t really decorate and put my own stamp on the apartment.


David - London

The staff at Southern were great, whenever I had a query they would come back to me on the same day. They were really efficient, I haven’t got a bad word to say about the experience. I even recommended Southern Home Ownership to a colleague of mine who was looking to buy a property.


Amy - Horsham

I was really impressed with the level of service and support I received throughout – the team couldn’t have been more helpful. There was always someone available to answer my questions, no matter how small and probably silly!


Tim - London

It’s a great feeling now knowing that I have something that I can call home and will help me out in the years to come when I have to think about slowing down and retiring. Everything was so easy which made it a very stress-free experience. I would definitely recommend it as a means to get onto the property ladder.

Jordan - Hackney

Shared Ownership is cheaper than renting, I feel a sense of security especially having a two year old son. I feel like I can make personal changes to the décor. Whereas before, because I was renting I couldn’t really decorate and put my own stamp on the apartment.

David - London

The staff at Southern were great, whenever I had a query they would come back to me on the same day. They were really efficient, I haven’t got a bad word to say about the experience. I even recommended Southern Home Ownership to a colleague of mine who was looking to buy a property.

Amy - Horsham

I was really impressed with the level of service and support I received throughout – the team couldn’t have been more helpful. There was always someone available to answer my questions, no matter how small and probably silly!