Leicestershire Rural Housing Association manages shared ownership homes in rural locations on behalf of emh.
Shared ownership resales
These are shared ownership homes that a current owner now wishes to sell on. The principle is the same as buying a new home through shared ownership, but you must purchase at least the share that the seller currently owns on the existing lease.
Shared ownership homes for resale are coordinated by the emh sales team.
New build shared ownership homes
Leicestershire Rural Housing are not involved in any new build shared ownership developments at the moment.
However, emh are building shared ownership homes across Leicestershire which may be of interest.
Find out more about shared ownership homes in Leicestershire on the emh website
Shared ownership explained
Shared ownership is a government-funded, low-cost home ownership scheme that aims to help people who want to own their own home, but can’t afford to buy one at full value
Part buy/part rent
You buy a percentage of a home, and pay a below-market-value rent on the share you don’t own (which is owned by the housing association). It's your home to live in, decorate how you want, and decide when to sell.
Shared ownership homes are offered by housing associations and some local councils. All shared ownership homes are leasehold properties.
Homes you can buy through shared ownership include:
Find out more about shared ownership on the gov.uk website.
Buying a percentage share means you pay a smaller deposit and smaller mortgage.
You can increase how much you own
- Usually, you can also carry on buying shares, although lease restrictions may apply when buying a shared ownership home in a rural area.
- These often include being able to only purchase up to 80% of the home and also needing to have a local connection to the village.
What it costs
- You’ll need to get a mortgage or use savings (depending upon your circumstances) to purchase your share.
- To ensure homes are priced fairly, all valuations are carried out by RICS surveyors.
- On some sites, a service charge may also be payable to cover the costs of things such as communal landscaping, cleaning and lighting.
Traditional lease: for shared ownership homes built before 2021
New model lease: for grant-funded shared ownership homes delivered through the Affordable Homes Programme
We manage shared ownership homes in villages across rural Leicestershire
Take a look at all the villages where we have shared ownership homes. This is a list of where we have homes, not a list of available or vacant homes.
Leicestershire Rural Housing Association manages shared ownership homes in rural locations on behalf of emh and all sales are managed through them.
Find out more about shared ownership homes in Leicestershire on the emh website
Most of the homes we provide are subject to 'Section 106' planning agreements, which ensures that affordable homes are prioritised for local people.
This means you will normally need to have a connection to the village, parish or district - such as live there, work there, or previously lived there.
Each affordable housing scheme has an individual Section 106 agreement, which specifies how long the local connection must be.
If you'd like to find out more, please contact us on 0300 1234 009 or enquiries@midlandsrural.org.uk
New Model Shared Ownership Lease
Grant-funded shared ownership homes delivered through the Affordable Homes Programme, built between 2021 and 2026
Traditional / standard shared ownership lease
Homes built before 2021 generally have this type of lease