Part Rent Part Buy in London

Getting started with part buy part rent schemes in London

If you are interested in finding out about part-buy-part-rent in London, Share to buy ltd may be able to help. At sharetobuy.com you can search for shared ownership properties available for part rent part buy in London. If you are unable to find any affordable homes where you want to live, please bear in mind that we are a brand new website and are looking to add properties all the time, and you can register for updates confirming when we do have affordable homes available in London.

Looking for shared ownership properties in London?

We have shared ownership houses and flats for sale on a part-buy part-rent basis in London on our affordable homes property website.

PS: don't worry if you cannot find any, you will be able to register for updates when shared ownership properties become available.

Part-rent part-buy: how it works

You can:

• Buy a share in a property, usually in the range from 25% to 75%
• Pay below-market rent on the remaining share owned by a housing association
• Hence, the shared ownership scheme is often referred to as ‘part buy part rent’ (although the official Government name for the scheme when purchasing new homes is ‘newbuild homebuy’)

Although your maximum share can sometimes be capped, with most schemes you can 'staircase' to full ownership in future (i.e. buy more shares in the property up to 100% ownership).

What properties are available for part rent part buy in London?

Only certain types of property are available for purchase via a shared ownership scheme – unfortunately there are no longer any 'open market' schemes where you can buy a share in any property on the open market. The current availability of shared ownership properties consists of:

• New build flats and houses sold by housing associations or shared equity developers
• Second hand flats and houses already purchased under a shared ownership scheme, where the existing owner wants to sell their share (known as a 'resale').

You can find both new build shared ownership properties and second hand 'resales', available for purchase on a part buy part rent basis, with our shared ownership property search tool.

Mortgages for part rent part buy

The mortgage team at Share to buy ltd has significant experience of arranging mortgages for shared ownership schemes, including part buy part rent on new build properties and resales. Find out what you can borrow and the potential cost of a shared ownership mortgage using our part buy part rent mortgage calculator, or if you have found a specific shared ownership property we suggest you submit a no-obligation agreement in principle application.

Shared ownership mortgages

If you have already found a shared ownership property in London and are now looking for a mortgage, we would be delighted to assist. We are a specialist mortgage brokerage who will search the market to find you competitive shared ownership mortgage deals. Read about our shared ownership mortgage services; research what you might be able to borrow and the potential cost with our shared ownership mortgage calculator, or if you have found a shared ownership property, submit a non-binding agreement in principle application.