Affordable homes: help to buy and shared ownership

If you want to own your own home, fully or in part, then these may be options for you to consider:

Help to Buy

The government offers a range of Help to Buy schemes to help first-time buyer get onto the housing ladder:

  • Help to Buy: ISA - Increases your saving by 25%. Can receive up to £3,000 bonus
  • Help to Buy: equity loan – Provides loans of up to 20% of the cost of your newly built home    
  • Help to Buy: shared ownership – Purchase a share of your home (between 25% - 75%) and pay rent on the remaining share    

Note: The government is set to end the Help to Buy scheme in the coming years. To find out more information, please access the Help to Buy website.

You do not need to be on the council’s Housing Register in order to be considered.

What is shared ownership?

Shared ownership is designed to helps individuals (such as first-time buyers or lower income households) buy a share of a home (between 25% and 75% of the home's value) and pay rent on the remaining share . Later on, you have the opportunity to buy further shares, known as 'staircasing'.  If you staircase to 100%, you will own the property outright.  

How to buy a home with shared ownership

Am I eligible?

You are eligible if you are a first-time buyer and cannot find a suitable property on the open market. Your household income must not be more than £80,000/annum, and you must not have any outstanding credit issues.

What deposit will I need?

Shared ownership mortgages will usually only require a deposit of 5% of the property's value. 

For example, if you want to purchase a 25% share of a property with a valuation of £300,000, you are required to put down a deposit of around £3,750.

Where should I start?

To find out what is available, visit the Help to Buy website and search for 'Elmbridge'. Some properties are also advertised on this page (see below).  

Do I have to share a home with someone I don’t know?

Shared ownership enables you to buy a share in a property; you don't have to buy or share with someone you don’t know. 

Will I be able to own 100 per cent of my home in the future?

You can choose to buy more shares of your home. This is known as 'staircasing'.  If you staircase to 100%, you will own the property outright.  

Can I sell the property?

You can sell your property at any time.  If you own 100% of the property you can sell it on the open market.  If you own a share of your property, the housing association will have a set period of time to find a buyer.  If they are unable to find a buyer in that time, you can choose to put your home on the open market.

Find out more about shared ownership

This shared ownership story explains how a key worker was able to buy a home through the scheme.  

Shared ownership available now

Waterloo Court, Mayfield Road, Hersham, KT12 5AD

  • One-bedroom ground floor flat
  • Price from £84,000 with a value share from 30%
  • Full market value - £280,000
  • Monthly service charge - £131.32
  • Monthly rent - £442.36

For example:

  • A 5% deposit on a 40% share = £5,600.

  • Total mortgage = £106,400

  • Estimated monthly mortgage = £622 based on a 5% APR over 25 years.

Queens Road – 30 Queens Road, Weybridge, KT13 9GU

  • Four one-bedroom apartments
  • Price from £108,000 for 40% share
  • Full market value - £270,000
  • Monthly service charge - £105
  • Monthly rent - £371  

Flat 3 Ditton Grove, Portsmouth Road, Esher KT10 9FN
Flat 4 Ditton Grove, Portsmouth Road, Esher KT10 9FN

  • Two one-bedroom top floor apartments

  • Prices from £124,000 for 40% share 

  • Full market value £310,000 ( £124,000 40% share) and £315,000 (£126,000 40% share)

  • Monthly rent: £426 - £430

  • Monthly service charge:  £72* estimated service charge for first year 

Example costs:

  • A standard 5% deposit on the initial share = £6,200

  • Typical monthly mortgage repayments = £575 based on 25 years 5% APR

  • Estimated total monthly cost: £1,073   

Shared ownership coming soon

Walton Green - Hurst Road, Walton-on-Thames, KT12 2EF - 2 bedroom houses.
These houses are located in Walton Park and available to purchase through shared ownership. Prices to be published soon.
Eligibility, available to applicants who live or work in Elmbridge.

The Keepers - Pavilion Park, Hurst Lane, East Molesey, KT8 9FE
These houses are available to purchase through shared ownership. Prices to be published soon. Eligibility, available to applicants who live or work in Elmbridge.

Dairy Crest site - 59 High Street Walton-on-Thames Surrey KT12 1DJ - 2 homes for shared ownership

SO Resi - East Molesey- a collection of new one and two-bedroom apartments
Prices start at£130,375 for a 35% per cent share of a one-bedroom apartment (full price £372,500). A 5% deposit from just £6,519 is required.

More local schemes in development

Rydens Enterprise School site, Hersham Road Hersham Walton-on-Thames Surrey KT12 5PY - 60+ homes

Honda Garage site, 30 Queens Road Weybridge Surrey KT13 9UZ - 4 homes for shared ownership

Ditton Lea, Portsmouth Road Esher Surrey KT10 9AB - 2 shared ownership homes

White Lion site, 46 Portsmouth Road Cobham Surrey KT11 1HY - 20 homes

Homeownership Assistance Elmbridge Equity Loan Scheme

If you live or work in Elmbridge you may be able to access a low interest-only loan of up to £90,000 to help you buy a home of your own choice on the open market. This scheme is run in partnership with Catalyst Housing Ltd and does not restrict you to buying a newly built home, so you can buy old or new.

Funds are limited and first-time buyers are preferred but other applications will be considered; find out more here:  the homeownership assistance scheme brochure.

If you are interested you can register your interest: contact Catalyst’s Equity Loans Team on 0300 456 2077 or complete the application form and email it to

You can also visit the Catalyst website page.

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