What is Shared Ownership?

What is Shared Ownership?

Shared Ownership is a fantastic opportunity to get your foot on the housing ladder if you are unable to purchase a home outright. Learn more below.

Apply for shared ownership

The Help to Buy website is where you can find all properties available for shared ownership. You must be registered and approved on the Help to Buy website before you can apply. Click on this link to apply: Helptobuyagent3.org.uk

View our available homes

Visit this page regularly to see our homes available for Shared Ownership: Shared ownership

About shared ownership

What is Shared Ownership?

Shared Ownership helps you buy your own home if you cannot afford to purchase on the open market. Buying a Greenfields home through Shared Ownership allows you to own part of the property and rent the remainder from us.

How does shared ownership work?

You initially purchase a share of the property – typically around 40% – and pay rent on the remainder. If your household income allows it, you can “staircase” by purchasing extra shares to increase how much of the property you own and reduce your rent.

Is it more affordable than renting a private property?

Situations vary, but the total monthly mortgage and rent cost is usually around the same as renting a similar property privately. You are also building equity within the property.

Am I eligible for Shared Ownership?

If your household income is less than £80,000 a year, you have funds for a deposit and legal fees but not enough to own a home outright, you may be eligible. You must also have an approved Help to Buy application.

Do banks lend for Shared Ownership mortgages?

Yes. High Street banks and other lenders offer mortgages for households buying a Shared Ownership property.

How much deposit will I need?

This varies depending on your mortgage – it is usually 5% or 10% of the purchase share.

Can I make home improvements and alterations to my Shared Ownership home?

Yes you can – however consent will need to be given prior to the works starting. Please be aware that any new build defect warranties will be invalidated.

Can I buy extra shares or sell my home in the future?

Yes to both. With Greenfields, you can increase your share by “staircasing” and eventually own 100% of your home. To sell, simply contact Greenfields and we will advertise your property on the Help to Buy website for 8 weeks. After that period, you can advertise on the open market with an estate agent.

Can I view my property?

Yes you can – however our properties are advertised prior to the property being completed. The property is to be reserved off plan and then once the building has been completed and Greenfields take handover of the property a viewing will be arranged.


During this time all applications are accepted through e-mail, whilst our office remains closed. The reservation process remains unchanged and plots can be secured following application approval. Once we have taken handover of any upcoming schemes, viewings and sales completions are to be carried out following strict social distancing guidelines and procedures. All buyers will be advised of these and must agree to follow the guidelines before any appointments are confirmed. Our priority is keeping customers and staff safe at all times.

Expected handover dates for upcoming properties are under constant review and delays are expected due to the recent site closures.

Find out more

If you have any queries, please read the leaflet in the Supporting Documents box on the right-hand-side of this page or contact us. Good luck in your search for a home.

Supporting documents

Click on the links below to download helpful information about shared ownership:

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Contact the Greenfields team on the information below:

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07860 024511

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