Shared ownership homes

Another way to get on the housing ladder.

Providing affordable homes is what we aim to do at Futures and shared ownership is another option we offer to help people to get on the property ladder.

Shared ownership explained

  • When a home is for sale by shared ownership, it means that you buy a 'share' of a home.
  • The share is usually anywhere from 10% to 75% of the property's market value. You can pay for this as a cash buyer or through a mortgage, but either way this only needs to cover your share.
  • You have to pay rent on the remaining share you haven't purchased, but this doesn't mean that you're a tenant or renting a home - if you buy through shared ownership, you're officially a homeowner! You'll also have to pay service charges too.
  • Taking out a lower mortgage also means that you'll need a smaller deposit than you would for buying a home outright.

For example, if a shared ownership home is for sale for £100,000 and you buy a share for 25%, your share price would be £25,000. If you purchase with a mortgage, you'll need a minimum of a 5% deposit of your share price.

Who can apply

You may qualify for a shared ownership home if you meet the following criteria.

  • Your household income is less than £80,000.
  • You're a first time buyer or unable to afford to buy a home on the open market.
  • Are a British citizen or permanent resident.
  • Are free from bankruptcy or county court judgements.

How to apply

All of our shared ownership homes are marketed with local estate agents and can be found on Rightmove and Zoopla. We also share updates on our latest developments, including schemes that have shared ownership homes available on our website. 

Click here to see our new homes 

If you're interested in shared ownership homes, you can also emailFuturesEnquiries@futureshg.co.uk for more information.

If you can afford other options

We do have some private rented homes available. They are listed through local estate agents and property sites like Rightmove and Zoopla. We also have some homes that we advertise directly here on our website so do keep checking.

Click here to visit RightmoveClick here to visit Zoopla

Private homes

Our Development team build and acquire new homes throughout the East Midlands to rent, for sale and for shared ownership so you're sure to find what you're looking for, whatever your budget. These are advertised through local estate agents and the major national websites that list homes for rent and for sale.

Click here for more information on shared ownership at Futures