To get started with shared ownership, you'll buy an initial share in a property and then pay rent on the remaining shares. Quite often, the total monthly cost of the mortgage and rent combined is less than renting a similar property privately.
There are some criteria that apply to buying a shared ownership home. To find out if you’re eligible, download our guide below.
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Are you looking to buy a home in Norfolk or Suffolk, but think you can’t afford it?
Join us at our shared ownership discovery day to find out how shared ownership could mean buying your first home isn’t out of reach.
Saturday 3 October
09:30 - 12:00pm
The Legends
Norwich City Football Club, Carrow Road, Norwich, NR1 1JE
This short video gives you all the key information you need to understand shared ownership, explained clearly and without jargon. It walks you through how the part‑buy, part‑rent model works, what costs to expect, and who the scheme is designed for, making it an ideal starting point for anyone exploring their route into homeownership.
Whether you’re taking your first step onto the property ladder or looking for a more flexible way to move, the video provides a simple, accessible overview so you can feel confident about what shared ownership offers with Flagship Homes.
This video takes you through the shared ownership process step by step, making it easy to understand how the scheme works and what to expect at each stage. From checking your eligibility to reserving your home and completing your purchase, it breaks everything down into simple, manageable steps. Whether you’re new to shared ownership or just need a clearer picture of the journey, this guide is designed to give you confidence, remove the jargon, and help you feel fully informed as you move towards owning your new home.
Our shared ownership applicant procedure helps ensure the process of buying a shared ownership home is fair, due to the demand and the guidelines set by Homes England.
The guide below outlines the process for buying a first tranche home.
Applicant policy
If you're ready for a new home and exploring your options, we’re here to make that journey as simple and stress‑free as possible. Our goal is to help you understand your finances, feel confident in your options, and secure the best offer that fits what you can afford. This page looks at the do's and don'ts of getting your finances ready in advance of your purchase.
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To apply for one of our shared ownership homes, you’ll need to complete a 2 stage affordability assessment with our nominated Qualified Mortgage Advisor. This initial assessment must be carried out by a Flagship Homes – nominated advisor, as strict regulations require us to ensure all applicants are assessed consistently and appropriately for shared ownership.
Although our nominated Qualified Mortgage Advisor can also support you with financial advice and your mortgage application, you are welcome to use any financial advisor you prefer once the initial assessment has been completed.
Read more via the link below.
Read moreWe know that purchasing a home can feel like a complicated and sometimes overwhelming process, particularly for first-time buyers. That's why we've created this conveyancing road map: a simple, step-by-step guide designed to explain each stage of the journey, from instructing a conveyancer through to collecting the keys to your new home. Based on the typical conveyancing process outlined in the document, it highlights the key milestones, explains who is responsible at each stage, and helps buyers understand what to expect next. Take a look below.
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