skip to main content

Accessibility and Display Options

Choose accessibility and display settings
Text Preferences
Colour Schemes
Cookies
Save Close

Cookies and Privacy

This site uses cookies to store information on your computer

Some of these cookies are necessary to make the site work. We’d also like to use optional cookies to help improve your experience on the site. You can manage your optional cookie preferences below. Using this tool will set a cookie on your device to remember your preferences. Your preferences can be changed at any time.

For further details, see our Cookie Policy and our Privacy Policy

I AcceptI Do Not Accept


Essential

Essential cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies; they can only be disabled by changing your browser preferences. Third party functions such as Google Search and Analytics will not be enabled.


Performance

Performance settings enable you to use the Google Search engine on our website and help us to improve our website by collecting and reporting information on its usage (for example, which of our pages are most frequently visited).

Save and Close



 


You are here: Home / Housing

Fareham Housing - Affordable Home Ownership

Affordable Home Ownership is an option that helps people who wish to get on the housing ladder but are unable to afford a property on the open market - it's also known as 'low cost home ownership'.

Shared Ownership

Shared Ownership is a part-buy, part-rent scheme whereby you purchase a share in a property depending on what you can afford. You then pay a rent on the share of the property that you don't own (the higher percentage you own the smaller the rent and vice versa). The scheme is designed to help people onto the housing ladder with an option to purchase an increased share in the property in the future or buy it outright whenever you can afford to.

Traditionally, Shared Ownership homes in Fareham have mainly been delivered by Registered Providers/Housing Associations but Fareham Housing are embarking on the delivery of some Shared Ownership properties as part of their Housing Delivery Programme.

Fareham Housing Shared Ownership properties are properties which will be jointly owned by the purchaser and Fareham Borough Council. The policy below sets out the Council's approach to their shared ownership properties.

Fareham Borough Council Shared Ownership Policy and Processes PDF (386 KB)

If you are interested in purchasing a Shared Ownership property, you must first register with Help to Buy South External Hyperlink, who are the agent appointed by the government to provide Shared Ownership properties in the South of England.

In addition to this, we have recently launched our own online Shared Ownership Expression of Interest form which you can complete by following this link to the Affordable Home Ownership Register. By completing this form we can learn more about the need for affordable home ownership in Fareham Borough and we can also let you know early on about opportunities for Fareham Housing Shared Ownership (if you indicate you'd like to hear about such information).

Capella Close, Hill Head

Construction work is now well underway at Capella Close in Hill Head, which will provide 11 new shared ownership homes. 

For the latest information regarding the marketing of the units as well as information regarding how we will prioritise applicants, please visit our Capella Close webpage

Former Scout Hut, Montefiore Road, Sarisbury Green

Fareham Housing will also be delivering a further 9 Shared Ownership homes on the Former Scout Hut site in Montefiore Road, Sarisbury Green. Our Affordable Housing Delivery page will give you more details regarding the proress of this site.

First Homes

First Homes is a new type of affordable home ownership.  First Homes is designed to help first time buyers who wish to get onto the property ladder but are unable to afford a home at full market value.  A First Home must be offered at a minimum of 30% discount on the market price. 

Fareham falls under the transitional arrangements for the inclusion of First Homes in the Local Plan, due to the advanced stage of the emerging Local Plan. It is therefore not required to reflect the First Homes policy requirement, as per the Written Ministerial Statement of 24 May 2021.

Fareham Borough Council's Interim First Homes policy PDF (182 KB) sets out the council's approach to First Homes, including eligibility.

You can complete our Expression of Interest form by following this link to our Affordable Home Ownership Register if you'd like to be kept informed about affordable home ownership opportunities in Fareham borough. 

If you would like any further information regarding Affordable Home Ownership, please email HousingStrategy@fareham.gov.uk.




Back to top of page Back to Top How to get here
Fareham Borough Council, Civic Offices, Civic Way, Hampshire, PO16 7AZ
Tel: +44 (0) 1329 236100 | Mobile Text/Photo: 07860 098627
RSS Feeds