Shared Ownership




What is Shared Ownership?

Shared Ownership gives our first time buyers, and those that do not currently own a home, the opportunity to purchase a percentage share in one of our new build or resale properties.

Otherwise known as 'Part Buy, Part Rent', we sell all of our homes on a Shared Ownership basis allowing our customers the opportunity to step on to the housing ladder.



Why buy a Shared Ownership home?


Shared Ownership allows us to initially sell between 25% and 75% of a property. This cost effective housing option is proving very popular for a number of reasons:


  • The mortgage + rent, charged at 2.75% of the outstanding share, is often less than the rent charged for an equivalent open market property
  • A purchaser can opt to buy as little as 25% share of the home
  • The deposit, typically 5 to 10%, is calculated against the price of the agreed share, not of the full market value.

Part Buy / Part Rent?


Auxesia Homes, as the owners of the freehold property, agree to sell an agreed share of the home to the purchaser. This leasehold sale has a rent attached calculated at 2.75% of the outstanding equity share at the time of purchase. Rent is therefore payable to Auxesia Homes monthly, until the time comes when the property is bought outright. 


Our customers have the option to buy further shares – up to and including 100% ownership in most instances – if and when they choose to do so. The price of buying additional shares, aka staircasing, is based on an independent valuation at the time of purchase.


Am I eligible for Shared Ownership?

The general eligibility criteria for Shared Ownership is as follows:

  • You must be at least 18 years old.
  • You must have a connection to the local area, either through work, immediate family or currently live there.
  • Your annual household income must be less than £80,000.
  • You must not own another home at the time of purchase
  • You should not be able to afford to buy a home suitable for your housing needs on the open market.
  • You must show that you are not in mortgage or rent arrears.
  • You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.


You will be required to have savings or be able to easily access the funds required to cover the costs of buying a home ie. deposit, legal fees, mortgage arrangement fees. You will also need have access to the deposit amount required, typically 5% to 10% of the equity share you are buying.


Download our Shared Ownership Guide 

Download our Buying Process