18th July 2023
Shared housing ownership
Find out how to buy shares in a property
What is Shared Ownership?
Shared Ownership allows you to buy a share of a new build property and pay a subsidised rent on the rest. You can normally purchase between 25 and 75 percent of the property. It can often be an affordable alternative to renting or buying on the open market and the remaining share is owned either by a Housing Association or the Council. The combined monthly cost of your rent and your mortgage will usually be substantially less than buying the property outright.
There are great opportunities for purchasing a home via this scheme, with new-build housing developments going up across the Borough as well as existing Shared Ownership properties that may also be re-sold.
Who can apply?
Anyone can apply to be registered on the Housing Associations Shared Ownership lists if they have a housing need. Those with an annual household income under £80,000 are eligible, as well as first-time buyers and those that used to own a home but can no longer afford to buy on the open market. For affordable properties allocated through Wokingham Borough Council, we will always prioritise those living and/or working in Wokingham. MOD (Ministry Of Defence) personnel, Wokingham Borough Council tenants or Housing Association tenants would also be prioritised with the scheme.
It is not necessary to complete a Housing Application with Wokingham Borough Council.
Apply for Shared Ownership
To apply for Shared Ownership properties in Wokingham you can register your details with the Council's Preferred Housing Associations via their individual links below:
- A2Dominion Group (Fabrica) - shared ownership properties
- A2Dominion Group (Urban Moves) - resales of shared ownership properties
- Aster Group
- Housing Solutions
- Loddon Homes
- Metropolitan Thames Valley Housing
- Sovereign Housing Association
- Silva Homes
- Vivid Homes
More information and useful guidance can also be found on the Affordable Home Ownership Schemes website.