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.

Be registered with a Help to Buy Agent for the East and South East. Register with the Help to Buy website.

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

 An example of price and financing:

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

Some figures:

  • 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.       

Shared ownership available now

Schemes provided PA Housing

  • Molesey Park, East Molesey
    Last 2 bedroom apartment available from £127,500 (30% equity share).         


  • The Keepers, East Molesey
    Last 2 bedroom apartment available from £127,500 (30% equity share). 
    More details on The Keepers Development.            
  • Walton Green, Walton-on-Thames
    Last 2 bedroom house available from £120,000 (25% equity share).   

Schemes provided by Home Reach

  • Aspect, Hersham KT12 4LU
    8 one bedroom apartments are available for shared ownership from £147,500 at 50% share (full market value £295,000). For eligibility criteria or to register interest visit the Home Reach website.

Schemes provided by Fabrica (A2Dominion)

  • Walton Court Gardens
    1, 2 and 3 bedroom apartments available for shared ownership from £112,000 at 35% share (full market value £320,000). For further information and eligibility criteria visit Fabrica: Walton Court Gardens.
  • Elizabeth Park, Hersham
    1 bedroom apartments with parking available for shared ownership from £116,000 at 40% share (full market value £290,000). For further information and eligibility criteria visit Fabrica: Elizabeth Park, Hersham.

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