Sage Homes

Find your new build home through shared ownership with Sage Homes

Bovis Homes builds brand new Sage Homes that are available to purchase as shared ownership properties. They enable you to buy a share of your chosen home and pay a monthly rent on the remaining amount.

What is a Sage Home?

Sage Homes are shared ownership properties built by Bovis Homes, allowing you to purchase a share of up to 75%. Meanwhile, you pay a monthly rent on the unsold share. Benefits include a smaller mortgage and a reduced deposit, which can help make getting on the property ladder more achievable.

Who are Sage Homes?

Sage Homes is the largest provider of affordable new build homes in England.

Housebuilders like Bovis Homes work with Sage Homes to provide shared ownership and affordable rental homes to those who need it most.

Find out more about Sage Homes

How does it work?

Sage Homes built by Bovis Homes allow you to purchase a share of your chosen home and pay monthly rent on the unpurchased part. Depending on your affordability, you can buy shares from 42.5% up to 75%. Your landlord will be Sage Homes and they will grant you a 990-year lease. You will be charged an annual rent of 2.75% of the share of the property that you don’t own, but you can live in your home as if you have bought it in full. Shared ownership with Sage Homes gives you more affordable housing options when looking at new homes for sale.

Who is eligible for shared ownership with Sage Homes?

Eligibility to buy a Sage Home under shared ownership means meeting the following criteria:

You have a household income of less than £80,000 per year (£90,000 if you’re in London)
You can put down a deposit of at least 5%
You’ve passed a full financial assessment and the Homes England affordability calculator
You’re buying a house for the first time or are an existing homeowner who has sold subject to contract*
You don't own any other property and will use this one as your principal home.

The Consumer Code and New Homes Quality Code (NHQC) do not cover shared ownership homes. Sage Homes properties are covered byBuildmark Choice

*Only applicable if you have a property to sell.

More ways we can help you move

Home Stepper

A shared ownership scheme in partnership with Sage Homes, meaning you can purchase a share of a new Bovis home and pay monthly rent on the remaining part.

How does it work

Deposit Assist

When your friends or family contribute a minimum of 5% to your deposit for a new Bovis home, we’ll say thanks to them with £2,000 and give you £5,000 to help with moving costs.

How does it work

Deposit Unlock

With Deposit Unlock you could purchase a new Bovis Home up to the value of £750,000 with just a 5% deposit!

How does it work

Introduce a Friend

With Deposit Unlock you could purchase a new Bovis Home up to the value of £750,000 with just a 5% deposit!

How does it work

Home Stepper

A shared ownership scheme in partnership with Sage Homes, meaning you can purchase a share of a new Bovis home and pay monthly rent on the remaining part.

How does it work

Deposit Unlock

With Deposit Unlock you could purchase a new Bovis Home up to the value of £750,000 with just a 5% deposit!

How does it work

Deposit Assist

When your friends or family contribute a minimum of 5% to your deposit for a new Bovis home, we’ll say thanks to them with £2,000 and give you £5,000 to help with moving costs.

How does it work

Introduce a Friend

With Deposit Unlock you could purchase a new Bovis Home up to the value of £750,000 with just a 5% deposit!

How does it work

Sage Homes built by Bovis Homes is a shared ownership product brought to you by Sage Homes, available on selected new build homes only, subject to contract and eligibility criteria. The Sage Homes product is subject to individual mortgage lender qualification and affordability criteria as prescribed by Homes England. Purchasing a Sage Home is subject to you first obtaining approval from Sage before reserving a new home. Eligibility for the product may be withdrawn at any time prior to reservation. Sage may also require evidence of your financial ability to proceed with the purchase of a new home. Shares from 42.5% up to 75% of the new home are available. Prices advertised can represent up to a 50% share of the new home. Rent will be charged at 2.75% of the unacquired equity share and is reviewed annually in line with the year-on-year change to RPI in the preceding 12 months plus additional 0.5% and an annual fee of £195. The property will be sold on a shared ownership leasehold basis with a term of 990 years and a monthly management fee is also payable. You will be an assured tenant with Sage Homes as the landlord until such time you staircase to own 100% of the property. More information on eligibility and affordability can be found at www.sagehomes.co.uk. This product cannot be used in conjunction with any other offer, discount, promotion or scheme. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Subject to individual lender terms and conditions. The Sage Homes reservation terms and conditions will apply. Please speak to one of our sales consultants for more details. Should you proceed to purchase a Sage Homes property your personal data will be processed by Sage Homes as set out in their privacy policy: Sage Homes: https://www.sagehomes.co.uk/privacy-notice/ as well as our Bovis Homes privacy policy: https://www.bovishomes.co.uk/privacy-policy.

Sage Homes

Find your new build home through shared ownership with Sage Homes

What is a Sage Home?

Who are Sage Homes?

How does it work?

Who is eligible for shared ownership with Sage Homes?

Start your search today

More ways we can help you move

Home Stepper

Deposit Assist

Deposit Unlock

Introduce a Friend

Home Stepper

Deposit Unlock

Deposit Assist

Introduce a Friend

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