| Shared Ownership Properties | Shared Ownership Mortgages | Getting Started |
In association with:
Part Buy Part Rent (with notes on Rent to buy)
Part own a new or second hand home
The most established affordable housing scheme is shared ownership, whereby you part buy part rent property from a housing association. The scheme is sometimes referred to as ‘part own part rent’ because you literally own part of the property and pay a rent on the remainder that is subsidised so as to be affordable.
How part ownership works:
You can:
- Buy a share in a property, usually ranging from 25% to 75%
- Pay below-market rent on the remaining share owned by a housing association
Although your maximum share can sometimes be capped, with most part buy part rent homes you can 'staircase' to full ownership in the future (i.e. buy more shares in the property up to 100% ownership).
What properties are available for part rent part buy schemes?
You cannot purchase any property on the open market. Part buy part rent housing is generally restricted to properties owned by a housing associations. Most part buy part rent properties are new build and the only national scheme for part owned houses on the second hand market is where an existing owner sells their share on to a new owner in a process known as a resale. You can search for housing association part rent part buy properties, including part buy part rent flats and houses, using our shared ownership property search tool.
Part rent part buy mortgages
The mortgage team at Share to Buy ltd has significant experience in arranging mortgages for shared ownership schemes, and has access to the main part buy part rent mortgage lenders. Find out what you can borrow and the potential cost of a shared ownership mortgage using our part buy part rent mortgage calculator. Our part buy part rent calculator is ideal if you are just researching, but if you have found a specific property we suggest you submit a no-obligation agreement in principle application.
Rent to buy
Rent to buy properties make another important affordable housing option. With the rent to buy scheme you can rent a property at a below-market rate, enabling you to save towards a deposit so that you can eventually purchase that property. Thus, rent to buy schemes offer a way to part own houses and flats after a period of initially renting them – hence, rent to buy housing is sometimes called ‘try before you buy’. You can find both rent to buy flats and rent to buy houses on the Share to Buy property website.
Shared Ownership Case Studies
Latest News
Shared ownership properties for part buy part rent
14th February 2012
If you are looking for affordable housing to buy, we may have the answer. At sharetobuy.com you can search for shared ownership properties available to buy through the part buy part rent scheme. These are properties generally sold by housing associations where you buy a share starting at 25% and pay an affordable rent on the remainder. Start searching now.
100% shared ownership mortgages and great 90% open market deals
20th January 2012
We now have access to 100% shared ownership mortgages. Customers can access zero deposit mortgages for part buy part rent but they must have no adverse credit history. More details here. We have also cut our open market 90% exclusive discount rate with no fees or early repayment charges. Read about our 10% deposit option for young professionals and first time buyers.
Tools
- Search: search for shared ownership properties; search for shared ownership solicitors.
- Calculators: shared ownership mortgage calculator; staircasing calculator; open market calculator.
- Apply: shared ownership mortgages; agreement in principle
We list part buy part rent properties in London and across England on our Share to buy property portal. This includes the following locations: part buy part rent London; part buy part rent flats in London; part buy part rent north London; part buy part rent properties in Kent; part buy part rent Bristol; part buy part rent kent; part buy part rent Essex; part buy part rent Surrey; part buy part rent Hampshire; part buy part rent Sussex; part buy part rent Oxford; part buy part rent Bromley; part buy part rent Croydon; part buy part rent houses in London; part buy part rent Hertfordshire; part buy part rent Oxfordshire; part buy part rent east London; part buy part rent Portsmouth; part buy part rent flats in London; part buy part rent north London; part buy part rent properties in Kent; part buy part rent Bristol.
Rent to buy homes: regional information
If you are looking to obtain a rent to buy home, you can find some rent to buy properties in London and Lancashire on sharetobuy.com. Alternatively, contact your homebuy agent. There are rent to buy apartments available in most larger cities, including Manchester, Sheffield, Leeds and Bristol; for a rent to buy house you may have to look further afield but we have noted availability in counties such as Yorkshire, Surrey, Kent and Essex. For affordability, contact the ‘Registered provider’, normally a housing association, which is the organisation offering the rent to buy properties. There is no ‘rent to buy calculator’ that we are aware of but they will take certain information from you on outgoings, income etc to assess your rent to buy eligibility. For rent to buy London contact First Steps, the Mayor’s single point of contact for affordable housing in the capital. Finally, if you already part own a rent to buy house or flat, and are looking to purchase it, contact your housing association for information on part buy part rent mortgages.
Best buy mortgages
Check out our best buy mortgages with exclusive and semi-exclusive deals.
