Shared Ownership helps people buy a home who might not be able to afford one outright. With this scheme, you purchase a share of the property (often between 10% and 75%) and pay rent on the remaining share to a housing association. Over time, you can usually buy more shares. This process is called “staircasing.”
You will need to meet certain eligibility criteria, such as not owning another property and having a household income below a set level. The government sets these rules to make Shared Ownership more accessible.
Buying a Shared Ownership property is different from buying a home on the open market. The process involves a mixture of renting and owning, which means you must understand your rights and responsibilities before committing.
Guinness Homes is proud to provide award-winning Shared Ownership and private sale homes in areas you want to live.
Booking Your Viewing
Before you step foot in the property, arrange a viewing with the housing association managing the sale. They will confirm your eligibility and provide times.
Bring a list of questions. Make notes, and take photos if the seller allows. Bring another person with you for a second opinion.
Bring the following with you:
- Proof of ID
- Proof of your current address
- Details of your budget and deposit, if asked
The seller or agent may ask you about your circumstances to check suitability.
Preparing for a Viewing
Plan your visit so that you can make the most of your time. Think about what matters most to you. Consider:
- How many bedrooms you need
- If you require accessibility features
- Whether you need parking or bike storage
- Proximity to work, schools or amenities
Dress comfortably. Make sure you can move around the space freely and check everything you’d like to see.
If you have access needs, inform the estate agent or housing association in advance.
What to Look for On Arrival
First impressions matter, so take a look at the building before you enter. Is the entrance clean and well-lit? Shared Ownership homes are usually in blocks or small developments, so look at:
- The state of communal areas
- Lifts and stairwells
- Security, such as controlled entry doors and cameras
- Bin stores and bike stores
- Any damage or repairs, such as broken lights or rubbish
A well-kept building suggests other residents and the management take care of the property.
Inside the Property
Spend time looking at every room. Do not be rushed.
- Start with the main living areas: lounge, kitchen, and bathroom
- Open cupboard doors and check storage space
- Look for signs of damp or water damage — patches on ceilings and walls, peeling wallpaper, or a musty smell
- Test light switches and plug sockets
- Open and close windows and doors
- Check the heating – ask when it was last serviced
If white goods (fridge, oven, washing machine) are included, check their condition.
In new builds, fittings will be brand new. In re-sale properties, you may see signs of wear and tear.
Inspecting Bedrooms
Think about your lifestyle and needs.
- Will your furniture fit?
- Check for fitted wardrobes or extra storage
- Look at the windows — can you hear a lot of noise from outside?
- Is there enough natural light?
Assess the space carefully. Larger rooms are more flexible, but well-designed small rooms can work for many people.
Bathrooms and Toilets
Bathrooms can tell you a lot about a property’s condition.
- Check water pressure by turning on taps and shower
- Look for mould or discolouration around tiles and windows
- Flush the toilet — does it work properly?
- Test the extractor fan if there is one
Ask about how hot water is heated and the general cost of running the bathroom.
Kitchens
Kitchens often sell homes, but it’s important to be practical.
- Check the age and working condition of appliances
- Open all cupboards and drawers
- Check worktops for any damage
- Look above, on, and below the sink for leaks
- Ask about extraction or ventilation
A well-kept kitchen indicates a cared-for property.
Storage and Utility Spaces
Storage makes life easier. Look in every nook and cranny.
- Are there under-stairs spaces, airing cupboards or coat closets?
- Is there room for appliances like a tumble dryer?
- Where is the main fuse box, or stopcock for water?
- Ask about broadband speeds and utility services in the area
If you have a lot of belongings, make sure you will not be short of space.
Outside Spaces and Parking
Shared ownership homes may have balconies, patios, or small gardens. Some properties have only shared gardens. Ask:
- Is the space private, shared, or communal?
- Is there a space for children to play or somewhere to relax?
- Are pets allowed?
Parking is often communal or allocated. Check the policy:
- Do you get an allocated or permit space?
- Are there visitor parking arrangements?
- Look at bike storage and bin areas
Find out about any restrictions or extra costs.
Leasehold Facts
Most shared ownership homes are leasehold. This means you own a long lease (often 99 to 250 years) rather than the land the building stands on.
Ask to see:
- The length of the lease remaining
- The ground rent and service charge amounts
- What these charges cover (cleaning, repairs, insurance, etc.)
- How often these are reviewed or increased
Ask about the process if you want to buy further shares or sell.
Know your rights and obligations. Leasehold terms can differ.
Checking Repairs and Maintenance
Find out which repairs are your responsibility, and which are the housing association’s.
- What is covered by your rent or service charge?
- Who manages communal repairs?
- How do you report problems?
- How long do repairs typically take?
Ask about recent major works in the building. For new builds, a guarantee such as NHBC or similar may cover some defects.
Service Charges and Costs
You will usually pay a monthly service charge on top of your mortgage and rent. These charges cover things like:
- Cleaning of communal areas
- Ground maintenance
- Building insurance
- Repairs to communal areas
Ask for a breakdown of costs. Find out:
- When charges are reviewed
- What is included, and what is extra
- If there are any major works planned, such as roof repairs
Check previous statements, if possible.
Safety and Security
Safety is a high priority for everyone.
- Look for fire alarms, sprinklers, and emergency exits
- Check the condition of locks on doors and windows
- For flats, ask if there is a secure entry system
Find out how bins, recycling, and post are managed.
If you feel unsafe, think carefully before going further.
Accessibility and Mobility Considerations
If you or a household member have mobility needs, check:
- Are lifts working and spacious?
- Are doorways wide enough for wheelchairs or walking frames?
- Are there steps, thresholds, or level access throughout?
- Is there parking close to the main door?
Good accessibility makes life easier and increases a property’s value.
Local Area and Amenities
A home is more than a building. Walk around the area. Check:
- Transport links — bus, rail, roads
- Shops, GP surgeries, schools, and nurseries
- Parks and leisure centres
- Noise at different times of day
Ask the seller or agent about community spirit and neighbourly relations.
Talk to people in the local area for an honest view if possible.
Questions to Ask at the Viewing
Come prepared with a list of questions. This will help you make an informed decision.
- How long has the property been on the market?
- Are there any outstanding repairs required?
- Can you buy further shares and what is the process?
- Are pets allowed?
- What is included in the sale (appliances, fixtures)?
- How is the neighbourhood?
- Is there parking and how is it managed?
- Who do you contact for repairs or problems?
Make a note of the answers for future reference.
After the Viewing
Spend time reflecting. Look over your notes and photos.
Ask yourself:
- Did the home match your needs and expectations?
- Is the price within your budget, once you add monthly rent and service charges?
- Can you see yourself living there comfortably?
- Are you happy with the lease terms?
Speak to your partner or family if you have one.
If You Want to Proceed
If you are interested, tell the scheme provider or agent as soon as possible. You will usually need to:
- Complete an application form
- Provide documents, including proof of income, deposit, and ID
- Be assessed for affordability
A financial assessment helps the provider check you can afford mortgage, rent, and service charges. You will need a mortgage decision in principle from a lender who supports shared ownership.
If the application is accepted, the process moves to mortgage offers, solicitors’ checks, and contracts. You might need a survey if the property is not brand new.
Buying New Build vs Resale Shared Ownership
New builds offer the latest design, insulation, and energy efficiency. Appliances and finishes are unused. Developers may offer incentives.
Resale homes can be cheaper and located in a more established community. You might get more space for your money. Inspect carefully for wear and repairs required.
Both types have pros and cons. Check service charges, resale values, and lease lengths closely in each case.
Common Pitfalls to Avoid
Minimise problems by being aware of these issues:
- Overlooking service charges or rent increases
- Not checking the remaining lease length
- Forgetting to ask about staircasing limitations or costs
- Not factoring in the cost of repairs
- Ignoring parking policies or availability
- Taking an agent’s word without checking for yourself
If you feel pressured, take a pause.
Tips for a Successful Viewing
- Arrive early and spend time in the area first
- Check mobile phone reception and broadband speed
- Take a tape measure for key spaces
- Be polite but inquisitive
- Don’t be afraid to open cupboards or look under rugs
- Visit at different times if possible — daytime and evening
Keep a copy of anything the agent or provider gives you.
Understanding Your Rights
Shared ownership comes with legal rights. These include:
- The right to buy more shares, usually up to 100%
- The right to sell your share under certain rules
- Protection through law from unfair charges or treatment
Check the provider’s rules for sub-letting or changes to the property.
Read your lease thoroughly or ask a solicitor to explain it in plain language.
Taking the Next Steps
Once you find a suitable home, work closely with both your housing provider and solicitor. Discuss every cost and process step.
Allow time for surveys, valuation, and mortgage approvals.
Ask for clear timelines and next steps. Keep in regular contact with everyone involved.
Shared ownership home viewings are your chance to spot any problems, work out the true cost, and check if the home fits your life. Take your time and trust your instincts. If in doubt, ask questions or walk away.
Most of all, make sure you feel comfortable not just with the property, but with the responsibilities of shared ownership. Choose a place that feels right for your needs and your future.
