Shared Ownership

An opportunity to start your journey into home ownership in a more affordable way.

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Spacious, well designed 1, 2 and 3 bedroom homes in a parkside setting.

Did you know...

Reserve before 24th December to receive £1,000 in John Lewis Home shopping vouchers.

Find out more about how you could secure one of our fantastic new-build homes.

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If you're looking for an affordable entry into home ownership, we have something for you.

Shared ownership is a part-buy/part rent scheme, which helps you to get a foot on the housing ladder by purchasing shares in a home.

  • Part-buy - you choose the amount of shares you want to buy, based on what you can afford. Shares usually start at 25% and go up to 75% of the full market value. You will normally need to obtain a mortgage for your share. You can choose to purchase more shares in the future until you own 100% of the property, this is known as staircasing.
  • Part-rent - you will be charged a subsidised rent on the remaining share.
  • Deposits - most buyers will use a mortgage to buy their share, this will include paying a deposit. A deposit can be as low as 5% of the share that is being purchased, which makes it more accessible for those who can't afford a deposit on the full market value. 

Thrive Homes has a number of homes available for Shared Ownership. Some of these homes are newly built modern homes on developments in and around the home counties, whilst others are existing homes that have been refurbished. Thrive offers an initial 990 year lease on all of our Shared Ownership homes.

To be eligible for shared ownership you must:

  • earn under £80,000
  • not be an existing homeowner, or be in the process of selling your current home
  • be able to afford all the associated costs with owning a home.

Some of our homes may require you to meet certain criteria for example have a connection to the local area, this information will be provided per development.

All customers who wish to purchase a Shared Ownership home will need to complete a financial assessment to ensure the chosen home is affordable. The Thrive sales team will guide you through from your initial first inquiry right through to move in day!

 

 

Hear from some of our buyers