If you would like to contact Rosa Homes, you can do so a number of ways.

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Rosa Homes,
Harrison Street, Wakefield, WF1 1PS.


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01924 363595


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0845 077 0027


Shared Ownership

Shared Ownership

Rosa Homes are here to help you through the exciting process of purchasing your own home. If you have any queries please get in touch, we are happy to help answer any questions.

What is ‘Shared Ownership?’

‘Shared Ownership’ is a Government funded scheme aimed at helping first-time buyers get on to the property ladder. The scheme lets you buy a share of the property, meaning you don’t have to apply for a full mortgage, which increases your chance of being accepted by a Bank or Building Society.

Some shared-ownership schemes are on a part-buy, part-rent basis, so you will have to pay a lower rent on the share of the property that still belongs to the Housing Association.

Who qualifies for shared-ownership?

Shared-ownership is for:

  • Your annual household income can be no more than £80,000.
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

How do I know if I am eligible?

  • Permanent employment
  • Earning less than £80k per annum
  • Able to access a mortgage and or savings for the share
  • We can allocate one bedroom over and above the needs of the household
  • The property will be the occupiers sole dwelling
  • Local connections (may vary scheme to scheme)
  • Approved by Local Help to Buy Agent
  • There will be an affordability assessment done on receipt of a completed application form
  • The purchase should not leave the purchaser with savings in excess of £5k
  • Their income should be suffice to cover the rent and service charges on the property

How do I apply?

There is a process for purchasing a shared-ownership property:

  • Find a scheme (click on property search)
  • Complete an application online or request a paper copy by contacting us
  • Complete and return your application form
  • View the property
  • Meeting with a Sales Advisor for an informal interview to discuss your application
  • Complete the Help to Buy application (Click here for further information)
  • Pay Rosa £200 to reserve the property (once your application has been accepted)
  • Find a mortgage provider
  • Find a solicitor to deal with the legalities of your purchase and inform us of your solicitor’s details

From this point your solicitors and ours will communicate between each other until a date to exchange contracts is decided, then on completion you will receive your keys to your new home.

Can I afford all this?

Before you apply to buy a shared ownership property, you should ask yourself if you can afford all the other costs that go hand in hand with being a home-owner:

  • Survey and legal fees
  • Mortgage repayments – if you don’t keep up with payments you may lose your home
  • Rent – is payable if unless you own 100% of your property
  • Contents insurance – if you want to protect your belongings from damage or theft (buildings insurance will be covered in the service charge)
  • Service charge – Even if you own 100% of the property you may still be eligible for a service charge
  • Repairs – All household repairs will be your responsibility in accordance with the lease
  • Council tax – Regular payments must be made
  • Water and utilities – Regular payments must be made

Further information

If you are interested in purchasing a shared ownership property from Rosa Homes, you can check the Property Search here you will find all our shared ownership homes.

For further information regarding Shared Ownership please visit our Local Help to Buy Agent.

For more information on the help to buy scheme please visit http://www.helptobuy.org.uk/

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