Buy A New Home In Somerset

Shared Ownership Homes for sale in Somerset

Is Somerset the place for you? Are you looking to settle down but worried about being able to afford your own home? Worry no more, that is where Shared Ownership in Somerset can help you out. Shared Ownership is the perfect way to put down roots in a place you love, without having to splash the cash.

With plenty of scenic beauty as well as cultural delights to explore, you will never tire of living in this incredible county. Because Somerset is made up of so many fascinating places including Glastonbury, Bath and Taunton, there is so much to do and see.

Should you tire of exploring this beautiful county (which you may never), Somerset has excellent transport links to the rest of the UK. Not only is getting around Somerset itself a breeze with excellent rail links – you can also easily get the London Paddington from Bath – as well as Cardiff, Portsmouth and Brighton.

With the M5 running right through Somerset you an easily reach places such as Bristol and Exeter – both of which have their own airport should you wish to travel a little further afield.

Aster have new Shared Ownership Somerset houses for sale and for you to buy through the Shared Ownership scheme in Somerset. Would you like to buy a 1, 2, 3 or 4 bedroom new build home in Somerset? See all our houses for sale in Somerset by clicking our development pages above.

Take one step closer to living in a stunning Shared Ownership home in Somerset through the amazing sales team at Aster Group. Our awesome Sales Negotiator for Somerset is Sara Clifford, contact her today!

Through shared ownership, deposits can be from as little as 5%! So, if the 40% share costs £100,000 then your deposit could be as little as £5,000. It really is that simple (and no you don't have to share with anyone else, except maybe your partner, children or the cat).

Where is Somerset?

Bordering Gloucestershire, Bristol, Wiltshire, Dorset and Devon – Somerset is an impressive county in South West England. With a coastline which faces south-eastern Wales Somerset has plenty of natural beauty to offer.

It is a rural county which home to some impressive scenery, with rolling hills and Exmoor National Park on your doorstep. However, should the natural world become a little tiresome for you (which we cannot imagine it will) there is plenty to do in Somerset – from the beautiful architecture and interesting history of the city of Bath to the legendary Glastonbury Festival.

What to do in Somerset

As Somerset is such a large county, made up of so many different areas – all of which have a unique history and culture which come together to make up this interesting county. Let’s start with the County Town of Taunton which boasts Taunton Castle, home to the Museum of Somerset and various weekly farmers’ markets.

If you prefer a little more hustle and bustle, there is Bath. Bath is the largest city in Somerset, famous (and named for) it’s Roman baths which you can still visit in the city whilst learning about their vast and interesting history – but, please don’t think you can just pop by for a quick dip! 

One of the aspects Somerset is most known for is the famous Glastonbury Festival – which has secured Somerset’s place on the map as the forefront of the artistic world. However, it has been this way for a long time as Somerset was home to William Wordsworth for some time – one of the pioneers of English literature. Be sure to take a look at all the Shared Ownership houses for sale in Somerset.


  • What is shared ownership?

    Shared ownership is a government-backed scheme designed to help individuals who may not afford to buy a home outright on the open market. Under this scheme, you purchase a share of a property (typically between 25% and 75%) and pay a reduced rent on the remaining share. Over time, if you wish, you can buy more shares in your home, a process known as "staircasing", until you own 100% of it. This approach makes homeownership more accessible for many and serves as a stepping stone towards full homeownership.

  • How does Aster support the purchase process?

    At Aster, we're committed to making your shared ownership journey smooth and stress-free. From the moment you express interest in a shared ownership property:

    • Consultation: Our dedicated Sales Negotiators will discuss your needs and guide you through the available properties that match your criteria.
    • Financial Guidance: To ensure clarity on costs and other financial matters, we direct you to our trusted partner, TMP, who are specialists in shared ownership mortgages.
    • Viewings: For new builds, viewings are conducted once the home has been reserved or after it's been handed over. For re-sales, the vendor themselves will manage and conduct the viewings, ensuring a personalised experience.
    • Paperwork & Legalities: We offer assistance with the paperwork, guiding you through the application process, and liaising with solicitors to ensure the legal side is handled efficiently.
    • Post-purchase Support: Even after you've moved in, we have a post-sales team that will be able to assist with any queries or support you may need, ensuring your transition into your new home is seamless.
  • Are there any additional costs involved?

    Yes, as with any property purchase, there are additional costs to be aware of:

    • Deposit: This is a percentage of the cost of the share you're buying, not the total property value.
    • Mortgage Fees: Depending on your lender, there may be arrangement fees or valuation fees.
    • Solicitor's Fees: This covers the legal work associated with purchasing a home.
    • Stamp Duty: Depending on the property value and your circumstances, you might need to pay Stamp Duty Land Tax.
    • Home Insurance: You'll need to insure your new home, and there might be associated costs.
    • Service Charge & Maintenance: If the property has communal areas or services, you might need to pay a monthly service charge.

    It's essential to factor in these costs when budgeting for your shared ownership home. Our team at Aster is here to guide you through these expenses, ensuring there are no unexpected surprises.

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