Introducing SO Resi

Published: 17 October 2017

Shared Ownership Simplified by SO Resi

What is SO Resi? It’s the new name for Thames Valley Housing’s shared ownership homes, created to make the scheme easier to understand with simple, straightforward explanations.

Speaking with our homebuyers over the years, as well as carrying out tons of research over the years into shared ownership, we know there’s a lot of confusion around this type of home ownership. We believe it doesn’t have to be this way.

Buying a SO Resi home is simple: you start by buying between 25 per cent and 75 per cent of your home. That means your monthly mortgage payments and deposit are smaller than they would be if you bought your home outright. There’s also a monthly SO Resi payment for the share of your home that you don’t own.

"Buying a SO Resi home is simple: you start by buying between 25 per cent and 75 per cent of your home"

So how can you increase your share? You’ll also have the opportunity to buy more shares over time, increasing your ownership. Or you can make this process even easier by signing up to SO Resi Plus – our unique scheme which enables you to buy an additional one per cent share of your shared ownership home each year for 15 years, without the cost and hassle of arranging a solicitor each time. When you can afford it, you can buy more shares.

Shared ownership helps people in many different situations. So whether you’re looking for your first town centre apartment and you’re struggling to raise a deposit, or you’re looking for a new family house with a garden in an area that might seem unaffordable, or perhaps trying to get back on the property ladder later in life, SO Resi can help.

SO Resi is far more than a name. It’s our way of showing that shared ownership doesn’t have to be complicated. We want to tell as many people as we can that, quite simply, SO Resi makes home ownership possible.


By Kush Rawal, commercial director at Thames Valley Housing

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