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Shared ownership

Becoming a shared owner

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.

View properties Download guide

Choosing a solicitor

To support your buying journey, we’d advise choosing a solicitor with good knowledge and understanding of shared ownership and leasehold properties. We’ve selected a panel of trusted solicitors who have received positive customer feedback and demonstrated a high standard of service. However, you're not obliged to use any of these solicitors.

To learn more, download our panel of solicitors below.

Panel of solicitors

Shared ownership applicant procedure

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 procedure

Your shared ownership journey with Flagship Homes

Our friendly and professional advisers will offer you expert guidance and ongoing support throughout your shared ownership journey. We'll be by your side as you find the home that's right for you!

Your first step is to check your eligibility online. To get an immediate answer, you can click this link and follow the steps:

We will need to complete a financial affordability assessment. This is to ensure you can afford to purchase and maintain the monthly costs.

Once you know your affordability, you can choose the home you wish to purchase. The share you can afford to purchase will be calculated for you.

If you need a mortgage, now's the time to apply. Our sales team can help you find a financial adviser.

Secure your home by paying a reservation fee. From this date, you have around 28 days to exchange.

Choose and appoint a solicitor to act on your behalf through the sale. If you need, we can help you find one.

This is when you pay your deposit, sign your contracts and agree a moving in date.

You'll be invited to attend a home familiarisation visit in your new home. We'll run through how to use the appliances in your new home, such as the heating system. This is also an opportunity to ask any questions you have!

On the agreed completion day, you will be able to collect the keys, move in and enjoy your new home!

A few weeks after your move, our In-house customer feedback team will give you a call to check how you're settling in and to ask about your experience buying your new home.

During your Defect Liability Period (DLP) our aftercare team will support you with any defects that occur, by communicating with the developer for you. Your home will also be covered by a 10 year new build warranty provider.

Our aftercare team are available for you, if you need any additional support look through our website to find out all the ways you can get in touch.

If you would like to buy more of your home our sales team will be on hand to guide you through the process.

Shared ownership enquiry form

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