Struggling to afford a new home in Winchester?
Shared Ownership can help
How does it work?
- Buy a share in the home that’s right for you, typically between 25% and 40%, and pay a reduced rent on the remaining share
- With deposits starting from just 5%, you could get moving sooner than you thought!
- As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Find out more about the route to affordable home ownership here.
Knights Quarter - the smart way to make your first move, or your next
Shared Ownership offers a range of benefits that make it an attractive option for home buyers in Winchester.
- Benefit from affordable deposits and monthly mortgage payments
- Invest in your future and build up equity
- Reduced financial commitment, compared to full ownership
- Buy a more shares over time (via Staircasing)
Whether you're a first time buyer, or downsizer struggling to afford the Winchester property market, Knights Quarter could be perfect for you!
Affordable apartments from just £68,750, available now
Perfect for first time buyers
- Choose from a range of one bedroom Shared Ownership apartments
- Prices start from £68,750 and deposits from just £3,438
Find out more our apartments at Knights Quarter, Winchester.
Type 01
Final ground floor plot with terrace
From £68,750 for a 25% share
Deposit from £3,438
FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
You buy a share in your home that’s right for you. That could be from either 10/25% and up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.
Once you’ve settled in to your new home and you’ve made it your own, you may want to consider buying more shares – we call this staircasing, and we’re with you every step of the way.
The more shares in your home that you own, the less rent you pay. Almost all of our homes can be purchased outright, meaning that you could own 100% of your home. You’ll be able to find out whether this is possible for your home by speaking to our dedicated sales team.