Shared Ownership

What is Shared Ownership?

Shared Ownership has been designed as the affordable way to buy your home. It's called Shared Ownership because you buy a share in a home with a mortgage and deposit. Even though you're only buying a share, you still pay some rent but live in your home as you owned it outright.


How It Works

It's really simple. You start by buying a share of the property (usually between 25% and 75%) and this helps to reduce the deposit and mortgage amounts you need to pay. So, you are only borrowing what you can really afford. And the great thing about Shared Ownership is that you can buy additional shares in your home until you own all of it. We call this 'Staircasing'. The cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately. Normally, you can staircase as and when you can afford to.


Are You Eligible?

Shared Ownership is potentially available to anyone that's looking to buy their first home or anyone who doesn't currently own a property. Each applicant is assessed individually and you don't have to be a key worker or in social housing to be eligible, and having a well-paid job doesn’t completely rule you out either. If you earn or have a household income between £20,000 and £90,000, you could be eligible. You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don’t exceed the maximum earnings bracket. With lots of options available, we'll help you find the right home in the right location.

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. Shared Ownership with SHO is simple and straightforward with no large deposit or mortgage repayments. You can relax and look forward to owning the perfect place to call your own.


The benefits of buying with our Shared Ownership scheme:

SMARTER - Buy your new home with no large deposits or mortgage repayments

FASTER - Save time and move quicker into a wide range of stylish new properties

CLOSER - The most desirable locations in the area you want to live in


If you think that Shared Ownership in London or Southern England is for you, your next step is to start looking for a home. We regularly have new developments with homes available on a shared ownership basis. Start your search here.