Your Shared Ownership home

Everything you need to know, whether you’re thinking about buying or you’re already home.

Staircasing Resales

What is Shared Ownership?

You buy a share of your home, usually between 10% and 75%, and pay rent to us on the rest.

So if you buy 40%, your deposit and mortgage only need to cover that 40%. You pay a reduced rent on the other 60%. And as time goes on, you can buy more.

How it works, step by step

1

Check you’re eligible

Households earning £80,000 or less (£90,000 in London) could qualify.
2

Find your home

Contact our sales team to find out what homes we have available.
3

Buy your share

Usually between 25% and 75%, paying rent on the rest.
4

Get your keys

Once the legal side is done, it’s yours. Welcome home.
5

Buy more when you’re ready

Your rent goes down each time. Many go on to own 100%.

Can I apply?

Shared Ownership could be right for you if:

You’re 18 or over
You’re a first-time buyer, or you’re selling your current home
You can’t afford to buy a suitable home outright
Your household earns £80,000 or less (£90,000 in London)
You’ve kept up with rent or mortgage payments, and your credit history is in good shape (no bankruptcy in the last six years and no unpaid County Court Judgements)
You have a deposit, usually 5 to 10% of your share

Think you tick every box? Fill in our application form and we’ll be in touch about the next steps.

Apply now

Not sure if you tick every box? Talk to us. We’ll also put you in touch with an independent financial adviser who can go through the numbers with you.

Talk to us

Just moved in?

The first 12 months, we’ve got you covered

For the first 12 months, the developer fixes any defects in your home. Report them to Pinnacle Direct.

Pinnacle Direct

Phone0203 701 3575

Emailarchiehomes@pinnaclegroup.co.uk

One thing to know

This 12 months starts from when we bought the home, not from when you moved in.

After that, repairs inside your home are yours to sort. If you live in a block we own the freehold for, we’ll look after the outside.

Not covered as defects: marks on paintwork, small cracks as new plaster dries out, redecorating and gardens. Appliances are covered by the manufacturer’s warranty.

What we’ll do

Hand over your home clean, ready and with any defects put right
Give you a Home User Guide covering your appliances and common questions
Confirm your rent clearly, and keep shared areas clean and looked after
Be here when you need us, long after you’ve moved in

What we ask of you

Pay your rent and charges on time
Look after your home, and report any defects to the developer
Ask us before making changes to your home
Be a good neighbour. We don’t tolerate anti-social behaviour.

Making it yours

Rent and service charges

Your rent

You pay rent on the share you don’t own. For new-build homes, it usually starts at 2.75% a year of the value of that share and goes up each April as set out in your lease. Buy more of your home and your rent goes down.

Your rent goes up once a year, usually by no more than RPI (Retail Price Index) plus 0.5%. Your lease sets out exactly how it’s worked out. If you bought an existing home rather than a new build, your rent may be higher, depending on your lease terms.

Your service charge

This covers the running of your building and estate: management, cleaning and heating shared areas, repairs and safety checks. We’ll always show you what you’re paying for.

Staircasing

Own more of your home

When you’re ready, you can buy more shares in your home. This is called staircasing. Each step up lowers your rent, and many people go on to own 100%.

How staircasing works

Selling your home

Ready to move on?

Selling a Shared Ownership home works a little differently from a normal sale, but we’ll guide you through it.

How selling works

Anti-social behaviour

Feeling unsettled at home?

Everyone deserves to feel safe and settled at home. If someone’s behaviour is affecting you, or you want to make a complaint, we’ll help.

ASB & complaints