Shared Ownership

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Shared ownership

Let’s face it, getting on the property ladder isn’t getting any easier is it? Saving for a large deposit and even getting accepted for a mortgage that’s enough to buy the home you want could be pie in the sky, right? Enter - shared ownership, the affordable property buying solution.

With shared ownership, you buy a share (usually between 40% to 75%) making it more achievable to buy a home in the area you love and pay Aster rent on the remaining bit.

If you decide to do so, you can buy more shares (called staircasing) which may eventually lead to outright home ownership (in most cases, just ask our team first). So, you get the home that you want, for a price you can afford, through a repayment that’s achievable.

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What is shared ownership?
How to qualify for the shared ownership scheme
How can you buy a shared ownership home?

No longer do you need to worry about hefty deposits, with shared ownership you can get yourself on the property ladder with minimal stress.

Forget about having to scrape together a large deposit, shared ownership works by allowing you to purchase a share of a home – usually between 40% and 75% in order to make it more affordable (in some cases, you can even buy as low as 25%).

Not only does this mean you only pay a mortgage on the share that you've purchased but you usually only need to raise a deposit on the share of the property you are buying, as opposed to the full property price. Which can be as low as 5%! You then pay a below-market rent on the rest of your sparkly new home to the friendly folk at Aster.

Read more about how shared ownership works here.

There's a few bits and pieces you need to tick to be able to buy a shared ownership home, but not much. These are:

  • You must be 18 or over
  • Your household is bringing in no more than £80,000 income a year (or £90,000 if you're in London)
  • You don't own a home already
  • You may be in the process of selling a home, however, to be able to buy a shared ownership home from us, the property sale must have an offer accepted before we will accept your application.
  • You're able to show you can afford to maintain the costs of buying your own home
  • You're a British or EU/EEA citizen or have indefinite leave to remain

The first step in buying your shared ownership home with Aster is to contact us, either by filling in the contact form below or over the phone.

Beginning your journey to shared ownership is not as daunting as you may think, once you know if you meet the criteria you can begin searching for suitable properties. Once you have found a home, you will of course need to ensure you meet the required criteria and be approved for a mortgage - however Aster can advise on this as you progress.


What is shared ownership?

Shared ownership is a way of getting onto the property ladder. You buy a share (between 10% and 75% depending on the lease and your affordability) usually with a mortgage and pay rent on the remaining bit. 

What deposit do I need?

You usually only need a 5% deposit based on the percentage share that you buy. So, if you were to buy a 25% share in a £300,000 property (£75,000), your 5% deposit would be just £3,750. Find out what deposit you need to put down for your shared ownership home.

Are there any fees to pay?

Like any other form of home purchase there are a few costs involved, but nothing we can’t walk you through. Find out more about the associated costs of shared ownership here.

  • Affordability

    You only need as little as a 5% deposit to live in your dream home.

  • Staircasing

    You can buy more of your property when the time is right for you, staircasing allows you to move up the property ladder by slowly increasing the shares that you own in your home.

  • Location

    Think you can’t afford to live in a location you love? Think again, shared ownership allows you to stay in the area you want to with an affordable route into home ownership.

  • 3,600 +

    The number of shared ownership properties within our regions (and counting!) that provide our shared owners their very own home sweet home.

  • 5%

    Your deposit can be from as little as 5% on the share of the property you are buying with shared ownership.

  • 2,000 +

    Since the beginning of the year our team have answered over 2000 enquiries over on live chat.

    You can speak to our team on live chat by hitting the blue chat button in the bottom right hand corner.

Shared ownership properties for sale

Why should you buy a Shared Ownership home?

Shared ownership costs are generally lower than alternative housing options for a number of reasons; it's great for people who have the goal of buying their own home but do not have the funds to buy on the open market.

With shared ownership you usually only require a much smaller deposit. Which can typically be as low as 5% based on the share of the property you are buying and not the whole property value.

With Aster, once you have purchased your shared ownership home, you can purchase more shares at pretty much any time. This is called staircasing and you can find out more here.

Aster Life Stories

Shared Ownership is a great way of getting on the property ladder, but don’t just take our word for it. Here’s some of our wonderful customers explaining their situation and how Shared Ownership from Aster has helped them. These are just some of over 3,180 home buyers that Aster has helped realise their property ownership dreams.

View more


Tiana's story


Lauren's story


Toby & Sam's story

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"As a family we can’t thank you enough for choosing us for one of the Aster homes. We are delighted. May I say that you have been open, supportive, professional and inclusive throughout what could have been a difficult process. You have made this so much more enjoyable than I would have expected." - Angela

Feedback for Louise Long

Sales Negotiator

Louise Long

"We are still very overwhelmed to be in this amazing property and would gladly tell anyone thinking of getting on the property ladder to consider Shared Ownership especially through you and Aster!" - Louis & Becky

Feedback for Megan Couch

Sales Negotiator

Megan Couch

"Your phone call today has made our year. I know now that this is the turning point for us. The children are so excited to be able to have a bedroom away from the babies and a garden to play in. Thank you so so much." - A happy Aster shared owner in Hampshire

Feedback for Nicci Stone

Sales Negotiator

Nicci Stone

"Mandy was awesome when we were buying our home. Always very responsive and helpful. Mandy often emailed out of 'normal' office hours too which was really helpful x" - Lisa

Feedback for Mandy Gale

Sales Progressor

Mandy Gale

"A BIG shout out to the Aster Sales team for being so kind & awesome - Such a fab bunch who are passionate about providing homes and climbing the ladder - Forever grateful!"

Feedback for the Aster Sales Team

Aster Sales Team

Frequently Asked Questions

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