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Mill Bay Homes

Shared Ownership Wales

Your first step to owning a home

Shared Ownership is a government-backed scheme designed to make buying your own home more affordable. It’s a great way to get onto the property ladder, especially if you can’t quite afford to buy on the open market right now.

With Shared Ownership, you buy a share of your home (usually between 25% and 75%*) and pay a reduced rent on the remaining share. You’ll only need a mortgage and deposit for the share you buy, which can make getting started much easier. Over time, you can increase your share through a process called ‘staircasing’ until you own your home outright.

*The minimum share available under shared ownership may differ by scheme. Although the standard minimum is 25%, some schemes may require a higher minimum share, including 40% on some of our developments. Prospective purchasers should confirm the applicable minimum share for their chosen scheme.

How it works
  1. Find your new home
    Browse our developments offering Shared Ownership — like The Croft in Llangwm — and choose a home that suits you.

  2. Buy your share
    Purchase an initial share (often between 25% and 75%) of the property’s full market value. You’ll need a deposit and mortgage for just that share.

  3. Pay reduced rent
    You’ll pay rent on the remaining share at a subsidised rate, plus any service charge where applicable.

  4. Increase your ownership
    When you’re ready, you can buy more shares (known as ‘staircasing’) — right up to 100%.

  5. Sell when you’re ready
    If you decide to move, you can sell your share at any time. The value is based on the current market price.

Who can apply?

Shared Ownership is available to people who:

  • Are first-time buyers or have previously owned a home but can’t afford to buy now

  • Have a household income below the regional threshold (typically under £80,000)

  • Can afford the monthly costs of owning and renting a share

  • Will live in the property as their main home

In Wales, Shared Ownership homes are provided through local housing associations and developers like Mill Bay Homes, working together under the Welsh Government’s Home Ownership schemes.

Why choose Shared Ownership?


Smaller deposit – only pay a deposit on the share you buy

Lower monthly costs – mortgage + rent is often less than private rent

Flexibility – increase your ownership over time

Security – you have a home that’s yours

Support – we’ll guide you through every step of the process

How Mill Bay Homes can help

Our Shared Ownership homes are thoughtfully designed, energy-efficient, and located in thriving communities across Pembrokeshire and West Wales.

From first enquiry to moving day, our friendly sales team will support you through each stage — explaining eligibility, helping you register your interest, and connecting you with mortgage advisors experienced in Shared Ownership.

I’d recommend Mill Bay Homes and their shared ownership scheme to anyone who’s striving to make that first step — it’s genuinely changed our lives.
Read More

Shared Ownership Wales - Buyers Guide

pdf, 716.617 KB

Download Shared Ownership Wales - Buyers Guide

Want to know more?

If you’re interested in Shared Ownership or would like to find out when our next homes will be available, we’d love to hear from you.

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