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The major providers of Shared Ownership and other affordable ways to buy a home in Tunbridge Wells and nationwide have their homes listed on Share to Buy.
Find a Shared Ownership Home in Tunbridge Wells
Search in Tunbridge Wells for your new home
Helping you along the buying process
Tools to check your affordability
Affordability
What is Shared Ownership?
Shared Ownership is an affordable home ownership scheme which makes it easier for eligible purchasers to get on the property ladder. Buyers get a mortgage for the share they can afford, and pay rent on the remaining share.
Shared Ownership FAQs
Find out moreDoes Shared Ownership mean sharing with someone else?
No – this is a common misconception but the ‘shared’ aspect of the scheme simply means you’re sharing ownership of your home with a housing association.
If you decide to buy a Shared Ownership home in Tunbridge Wells, you’re effectively purchasing a portion of your property. Your initial share will usually be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.
Can I ever fully own a Shared Ownership home in Tunbridge Wells?
Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.
When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.
If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.
Do I meet the eligibility criteria for Shared Ownership homes in Tunbridge Wells?
As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.
For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.
How much does Shared Ownership cost in Tunbridge Wells?
Shared Ownership properties enable you to put down a smaller deposit compared to those required on the open market – buyers will usually need to put down 5% to 10% of the share that they’re buying, rather than the full market value of the home.
On a monthly basis, buyers will be required to pay their mortgage, a subsidised rent and service charge on their home, however, these repayments often work out cheaper than or equal to renting privately in the same area. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy.
Are there Shared Ownership homes in Tunbridge Wells?
Share to Buy lists thousands of Shared Ownership homes all across Tunbridge Wells and beyond – including new build properties and those available through resale.
Shared Ownership is available on a variety of homes including cosy studios, stylish apartments and traditional family homes. Check out our property search tool to start looking for your new home today!
The steps to find your new Shared Ownership home
1
Research
We have a wealth of tools, FAQs, guides and blogs to help you understand your options
2
Search for a property
Find the right home for you in Tunbridge Wells and register your interest
3
Speak to the specialists
Contact a Mortgage Broker and Solicitor Panels to help you through the buying process
Find your home with Share to Buy
Learn more about the UK's leading first time buyer property portal, specialising in affordable homeownership options including Shared Ownership, First Homes and Deposit Unlock.
Start your search today
Who are Share to Buy?
Share to Buy is the leading online portal for Shared Ownership properties. Established in 2004 as the UK’s first specialist online mortgage broker for affordable home ownership products, the site has since developed into a one stop shop for first time buyers, offering the country’s largest listing of Shared Ownership homes from many of the UK’s biggest housing providers.
Why should I register with Share to Buy?
Share to Buy is the nation’s biggest and best established affordable home ownership property portal, making it the ideal website for first time buyers looking to take that first step onto the property ladder.
Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.
Acting as a one stop shop for first time buyers, Share to Buy also offers handy FAQs and guides, interactive mortgage tools, mortgage broker and conveyancing panels, and live events to help potential purchasers on their home-buying journey.
Can I advertise my home on Share to Buy?
If you are a housing association or developer selling properties through Shared Ownership, Help to Buy and other affordable home ownership schemes, we can list your new build and resale homes on the Share to Buy property portal.
As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home.
Find out more about advertising your Shared Ownership property on Share to Buy.
SUCCESS STORIES
Renata - Shared Ownership buyer in Brent
“The huge number of properties listed on the Share to Buy website gave me a lot of choice all in one place, even with my limited budget. Shared Ownership meant I could afford a brand new home in Zone 3, which I didn’t think I would be able to manage in a million years for my first home.”
SUCCESS STORIES
Sarah - Shared Ownership buyer in Brixton
I viewed the flat online and thought it looked great, but once I saw it I person, it felt so much bigger.
SUCCESS STORIES
Sandra - Shared Ownership buyer in Croydon
“From the moment I bought my first share, I knew that I wanted to staircase. A year after I moved in, I staircased to 75% and this past February I purchased the final share, and now I own my home 100% outright. I really do recommend Shared Ownership as a fantastic way to get into the housing market, it worked so well for me.”
Shared Ownership Tunbridge Wells - Shared Ownership Properties for Sale in Tunbridge Wells - Share to Buy
Shared Ownership in Tunbridge Wells
For first time buyers, the prospect of owning their own home can often feel out of reach. Thankfully, Shared Ownership homes in Tunbridge Wells can make it so much easier to take those vital first steps onto the property ladder. To stay up to date with Shared Ownership properties in Tunbridge Wells, make sure you sign up to Share to Buy and register to receive alerts when new properties are announced via email.
Help to Buy in Tunbridge Wells
The government Help to Buy scheme was a first time buyer equity loan which ended in Mach 2023. While Help to Buy properties in Tunbridge Wells are no longer available, there are a number of alternative home-buying schemes available including Shared Ownership and other affordable home-buying and rental options. Start the search for your new home on Share to Buy.
Living in Tunbridge Wells
The beauty of the area under the local authority of Tunbridge Wells Borough Council is hardly news. After all, this spa town was known as a fashionable resort way back in the 1700s and even today, it remains somewhere people go to vacation and get away from the stresses of everyday life.
In that sense, little has changed here. However, the area is constantly moving forward and giving people more reasons to pay it a visit. In fact, the only issue is that many view it as such an aspirational setting – there is a reason it was renamed Royal Tunbridge Wells, after all, that they don’t realise it makes a great home as well as a great holiday spot.
With excellent transport links to London, as well as a diverse economy all of its own, it’s a place of great opportunity for many different kinds of people with different skill sets. It’s also an exceptional place to raise a family. And, quite frankly, it doesn’t matter how much time you spend here – its stunning historical location and natural beauty will never get old.
Whether you’re looking to spend a weekend or a lifetime in Tunbridge Wells, you certainly won’t be disappointed.
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