If you’re looking for a way to break into the housing market, buying a shared ownership home could be the perfect way to prevent yourself from being priced out of buying in the infamously expensive area of Oxfordshire, In this post, we’ll explain what shared ownership is, and how you can go about buying your first home through this program. Keep reading for more information!

What is shared ownership and how does it work

Shared ownership is an innovative form of homeownership that offers buyers a unique set of advantages. Essentially, it works by allowing a buyer to purchase a percentage of the property and pay rent on the remainder. The amount purchased can range from 25% to 75%, and the rent paid on the remainder is usually lower than standard market rates.

This type of arrangement provides homeowners with increased financial flexibility, as they are able to gradually increase their stake in their property without having to pay a large upfront sum. Furthermore, shared ownership also opens up attractive real estate opportunities in areas that may otherwise be out of reach financially. All in all, this type of structure provides an economical way to become a homeowner while still accommodating those who lack adequate resources for conventional home-buying options.

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How to find a property that is available for shared ownership in Oxfordshire

If you’re looking to purchase a property in Oxfordshire that is available for shared ownership, then you may need to do a bit of digging. There are many options available and the best approach is to first discover what location interests you the most. Are proximity to work or schools important? Do you prefer a city, suburban or rural environment? You will narrow down your search significantly by knowing where you would like to live.

Once you have narrowed down your list of desired areas, contact the local authority housing department or search online for properties advertised through their shared ownership scheme. There are plenty of great options to consider from Aster. Most property management companies or websites dealing with such properties offer full details of availability, cost and tenure. With the necessary preparation and research during this process, finding just the right property should be easy.

The benefits of buying a home with shared ownership

Buying a home through shared ownership is an increasingly popular choice among those looking to get onto the property ladder. From having more affordable initial deposits, to benefiting from government incentives, purchasing a house using this model brings a wide range of advantages to those wishing to make their first foray into the world of homeownership. As opposed to buying outright, shared ownership allows for greater freedom and control over your mortgage and other costs associated with it. This means that individuals can choose payments and arrangements which best suit their own financial circumstances. Moreover, if you decide to sell in the future you also have more options available in terms of who you might want to pass on your share. With its numerous advantages, shared ownership is set up to help you get the best start possible when taking that first big step towards owning your own home.

How to apply for shared ownership

Applying for shared ownership can be a great way to become a home owner. It works by partly owning and partly renting the same property, allowing you to pay for what you can afford in manageable chunks. Depending on the scheme, you may be able to own up to 100% of your dwelling over time. To get started, it’s best to research shared ownership schemes in your area, as requirements vary from region to region. Once you’ve shortlisted some properties, take a look at their eligibility criteria, as there are specific income caps and other factors they may use when allocating homes. Lastly, make sure that you have all the necessary personal documents ready before applying – such as proof of ID and address – this will give you the best possible chance of being accepted.

FAQs about shared ownership

Q: What is shared ownership?

A: Shared ownership is a type of home-buying arrangement where an individual can partially own and partly rent the same property. Through this model, buyers can gradually increase their stake in their home over time without having to pay a large upfront sum.

Q: Who qualifies for shared ownership?

A: Eligibility requirements for shared ownership schemes vary from region to region, but typically you must be a first-time buyer and meet certain income thresholds. Additionally, some schemes may also have age restrictions in place or priority lists based on local housing need.

Q: How much does shared ownership cost?

A: The amount you will pay depends on the scheme you opt for and the amount of deposit you are able to put down. Generally, however, most shared ownership schemes involve paying a rent for the part of the property owned by a housing association along with the mortgage payments for your share.

Q: How can I apply for shared ownership?

A: To apply for shared ownership, you’ll first need to research schemes in your area and shortlist properties that meet your criteria. From there, make sure all the necessary personal documents are prepared before submitting an application – such as proof of ID and address – this will give you the best chance of being accepted. Additionally, be sure to take a look at the eligibility criteria for each scheme, as there are specific income caps and other factors which may be taken into consideration. With careful research during this process, finding just the right property should be easy.


Overall, shared ownership can be a great way for individuals to secure the home of their dreams in the Oxfordshire area. It’s important to do your own research and understand how it works before applying for a property that is available for shared ownership. You should also understand the financial benefits such as reduced deposits, Stamp Duty savings and lower monthly costs that come with buying a house through this popular scheme. Above all, it’s essential to take time over the decision making process, arm yourself with all the facts, and speak to knowledgeable advisors who can provide important guidance dedicated solely to shared ownership applications. With an informed approach to buying a new home in Oxfordshire through shared ownership, you’ll be well on your way to achieving your property ambition goals!