Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
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Winchester Village, 4 bed homes
Get new home ready and start your Shared Ownership journey with us today. Discover our homes at Winchester Village so that when you want to take the next steps, you're ready.
Winchester Village is a charming development on the edge of the sought-after English city of Winchester. We are delighted to offer two beautifully designed terraced homes, perfect for modern family living.
Each home boasts open plan living spaces, four bedrooms, with the master benefiting from its own en-suite, a family bathroom. There is allocated off road parking for 2 cars and a private, turfed rear garden.
The full market value of these homes is from £530,000 but, with shared ownership, you could purchase an initial 25% share for just £132,500 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you would only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £6,625*
*This is based on the purchase of an initial 25% share (£132,500) of a four bedroom house valued at £530,000, with a 5% mortgage deposit (£6,625). The estimated monthly service charge is approximately £16.
Photos and CGIs are for illustrative purposes only and may feature previous developments.
Local area information
Less than two miles from the city centre, Winchester Village is just off the A3090 Romsey Road that gives access to Junction 11 of the M3. From here Southampton is about 13 miles southbound and Basingstoke is 24 miles northbound, leading to the M25 and London. From Winchester Railway Station trains run regularly to London Waterloo in around an hour and there are services to Southampton and Portsmouth.
Local shopping is within walking distance of Winchester Village and there are two supermarkets within two miles. The city of Winchester is home to many independent stores, bustling markets as well as the Brooks Shopping Centre to meet all your retail therapy needs. The historic cathedral city was called practically perfect by the Sunday Times Best Places to Live guide.
There is a great selection of local schools and colleges, and for taking time out there is plenty to do in Winchester or take advantage of the local scenic Hampshire countryside where there are many walking and cycling trails to keep you active.
Min share price from: £128,750 for a 25% share
Full price from: £515,000
Minimum deposit from: £6,438
Monthly rent from: £885
There is only one available priced at £128,750 for a 25% share.
It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.
An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.
Leasehold, which is essentially the contract for the share you've bought.
It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.
Your solicitor can help you with this.