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Frequently asked questions

We try to provide as much information as possible on our website, but if you can't find what you are looking for please get in touch.

What is shared ownership?
  • Shared ownership is a government-funded scheme that helps people who would not normally be able to afford home ownership to purchase a home of their own.
  • Shared ownership is also known as part-buy, part-rent. This is because shared owners buy a share in their home and pay rent on the rest.
  • Shared owners do not share their homes with someone else, they simply share the ownership of it with a housing association.
How does shared ownership work?
  • The size of the share you buy is usually between 25% and 75% of the value of the property, although this does depend on individual circumstances.
  • For pre-owned shared ownership homes, you will buy the share owned by the previous owner. If you wish to purchase a higher share than advertised this is possible, and you will need to discuss this with the Resales team at the time. This will be subject to affordability checks being undertaken.
  • Shared owners pay a monthly rent to us for the share they haven't purchased. There will also normally be a service charge to cover items such as building insurance, management and cleaning of any common areas. There may also be a monthly sinking fund payment.
Am I eligible for shared ownership?
  • Shared ownership is designed to help people buy the type of home they need. Most shared owners are first-time buyers who meet a set of criteria. To find out if you are eligible, visit the Eligibility page.
Do I need savings?
  • Yes, we estimate that you will need a minimum of £4,000 to cover legal fees in addition to a deposit towards your purchase.
What is staircasing?
  • Staircasing is where you buy more shares in your home.
  • For example, if you have bought a shared ownership property and we each own 50%, you can choose to buy more shares in your home. So if you decided to buy another 25% of your home, you would own 75% of it altogether.
  • You can generally staircase until you own your property outright. This will be dependent on the terms of your lease.
How do I get my property valued?

A2Dominion has a panel of surveyors, with fees starting from £220 for a full valuation and £70 for updates thereafter.

We have a list of valuers on our website, who you can contact directly to instruct a valuation.

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