Shared Ownership in Somerset

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What is Shared Ownership?

In short, shared ownership means that the home you own is part owned by a housing association.  The amount you own will be determined by you when you purchase the property based on what you can afford.  Typically, you can get shared ownership where you own between 25% and 75% of your home.

Each month you will pay your mortgage as you would with any other home.  However, the difference is you pay rent to the housing association based on the amount that they own.

Even getting a deposit together is easier as the shared ownership mortgage is only for between 25% and 75% of the property. The rest, as mentioned earlier, is rent which is paid to the housing association that owns the development.

Who is eligible for a shared ownership property?

Shared Ownership homes are aimed at first time buyers, downsizers or those who used to own a home, but are unable to buy one at the moment.

You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).

When searching for shared ownership properties please use the filters at the top of the page to find those that match your criteria.

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The Ebbor – 3 bedroom House in Glastonbury, Somerset

Somerset / Glastonbury
ID #69044 • Listed: 23/08/2019

The Ebbor is a stylish three bedroom home, offers a generous sized living room, a downstairs WC and a modern kitchen /…

Sanctuary Homes

Terraced House
Overall price: £220000
Equity share: 40% (£88000)
Shared Ownership

Shared Ownership in Highbridge, Somerset 2 bedroom Terraced House

Somerset / Highbridge
ID #67392 • Listed: 08/07/2019

Shared Ownership available in Highbridge, Somerset – 2 bed  house £114,957 for 70% Stonewater Homes are marketing this lovely shared ownership property…

Stonewater Homes Resales

Terraced House
Overall price: £164225
Equity share: 70% (£114957.5)
Shared Ownership

The Shapwick – 3 Bedroom Terraced Home in Glastonbury

Somerset / Glastonbury
ID #66998 • Listed: 25/06/2019

The Shapwick is a contemporary three bedroom home, which offers a convenient layout suited to modern day life. On entry, there is a…

Sanctuary Homes

Terraced House
Overall price: £235000
Equity share: 40% (£94000)
Shared Ownership