Shared Ownership

Shared Ownership is a part-buy, part-rent scheme whereby you purchase a share in a property depending on what you can afford. The share you purchase may be paid for via a mortgage or a cash lump sum or combination of the two. You then pay a rent on the share of the property that you don't own (the higher percentage you own the smaller the rent and vice versa). The scheme is designed to help people onto the housing ladder with an option to purchase an increased share in the property in the future or buy it outright whenever you can afford to.

If you are interested in purchasing a Shared Ownership property, please follow this link to the Affordable Home Ownership Register. By completing this form we can learn more about the need for affordable home ownership in Fareham Borough and we can also let you know early on about opportunities for Fareham Housing Shared Ownership (if you indicate you'd like to hear about such information).

In addition to this you can also visit the GOV.UK shared ownership homes webpage , as this will give you details of all organisations that offer shared ownership homes in the Fareham Borough Council area.

Shared Ownership Rent Example

Costs to consider

You'll need to plan for the purchase costs involved in buying a home. The costs to consider are below:

a reservation fee 
a home valuation
your deposit
any mortgage fees
your solicitors' fees
stamp duty (where applicable)

When you register interest in a home, the provider will give you a 'Summary of costs' document. This sets out the purchase costs, the monthly payments, and any future costs if you choose to buy more shares or sell the home.

Shared Ownership Homes in Fareham

Traditionally, Shared Ownership homes in Fareham have mainly been delivered by Registered Providers/Housing Associations but Fareham Housing have started delivering some Shared Ownership properties as part of their Housing Delivery Programme.

Shared Ownership Policy

The Council has recently updated its Shared Ownership Policy and Processes document (448 KB) to reflect funding requirements.

This includes a First Come First Served Policy and a Minimum Monthly Surplus Income Policy.

If you are interested in Shared Ownership properties by Fareham Housing, this document will explain the Council's approach to marketing, selling and management of its Shared Ownership homes.  

Capella Close, Hill Head

We have recently delivered 11 new shared ownership properties at Capella Close in Hill Head. These homes were a mix of one, two and three bedroom houses, located near to the seafront. We experiened a very high demand for the homes and they were all reserved in a short space of time.