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Monthly costs of shared ownership

Just like any home, a shared ownership home will come with its own set of monthly bills, which will need to be considered ahead of securing your property.

Mortgage repayments

As you own part of your shared ownership home, you will need to make repayments on your mortgage until this has been repaid. This amount can vary depending on the amount you have borrowed and how long your mortgage term is.

Access this handy mortgage calculator to give you an idea of costings.


We will calculate how much rent and service charge you will need to pay, and the exact figure will be shared with you following your application. This tends to be around 2.75%.

For example:

Property value: £200,000
Your share: 40% (£80,000)
Our share: 60% (120,000)
Yearly rent (charged at 2.75%): £120,000 x 2.75% = £3,300 per year
Monthly rent: £3,300 divided by 12 = £275 per month

Service charge

Service charges are charged separately from your rent and is an additional payment towards the cost of providing and maintaining any communal areas and services outside your home.

The cost of your service charge will be confirmed with you following your application.

Home insurance

Buildings insurance is included within your service charge payment. This covers the financial cost of repairing damage to the physical structure of your property.

Contents insurance, which covers items such as your carpet, furniture and personal belongings is your responsibility and something we would encourage you to get.

Take a look at contents insurance quotes on Compare the Market or Confused.com.

Other costs

Other monthly costs to bear in mind include:

  • Council tax
  • Energy bills
  • Water bill
  • TV, broadband and phone bills
  • TV licence
  • Food and home essentials
  • Luxuries

Shared ownership buyers guide

Common questions and answers, take a look at our buyers guide or read our FAQ's section.

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About Shared Ownership

Shared ownership is a great way of buying your own home.

About Shared Ownership

Available homes

Current shared ownership properties, as well as those that are coming soon.

Available homes

Shared ownership staircasing guide

You can purchase further shares in your home from us at any time up to the full value.

Shared ownership staircasing guide

Steps to buying a shared ownership home

The buying process can seem a bit daunting, but it doesn't need to be.

Steps to buying a shared ownership home

Building new homes

We're building new affordable rental and shared ownership homes.

Building new homes

Latest available developments

Isn't it exciting - you're looking to buy your first home or getting back on the property ladder!

home image Resale

3 Heron Close, Evercreech, Somerset

An excellent two bedroom shared ownership resale home is now available in Evercreech

home image Resale

35 The Old Nurseries, Frome, Somerset

An excellent three bedroom shared ownership resale home is now available in Frome.

home image Beautifully designed homes

Tascroft Rise, Warminster, Wiltshire

Two and three bedroom shared ownership homes available on this popular development in Warminster built by Redrow Homes.

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3 days ago
Selwood Sales

We’re kicking off this Friday with this wonderful #sharedownership resale home in #Evercreech! 🏡 Only three miles from Shepton Mallet, the village has a primary school as well as local shops and businesses.

Find out more here 👀: ecs.page.link/kM5UG
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4 days ago
Selwood Sales

Are you looking for a 3-bedroom home in #warminster? We're still taking applications for these beaut#SharedOwnershiprship homes on the Tascroft Rise development. 🏡

Buy a share, rent the rest! 🤩
More information: ecs.page.link/NTgtE
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5 days ago
Selwood Sales

✨ Newly listed ✨

Situated in a poplar area of #frome, this #SharedOwnership resale is available from £130,000 on a 40% share. Schools, shops, and wonderful green areas all close by! 😍 Register your interest: ecs.page.link/caX3q
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