Shared Ownership Case Studies
Jay, Susi and family bought a shared ownership house in Northampton with the help of Share to Buy. They told us:
We had always wanted our own home. With little money behind us and only one of us working we always believed we'd never be able to achieve it. Having 3 children, all of varying ages and needs plus only one wage coming in, we never would have thought that sitting in our new home today would have been a reality.
We had been local council tenants since being together and having our third child. We desperately wanted to own our own home. After many searches and visits to new build house locations we finally found the home for us. All we needed to sort out now was the mortgage. We are so pleased we came across Share to Buy. After reading their website and other case reports we wasted no time in applying.
To this day and being in our new home for nearly 3 months now, we are so grateful to Share to Buy for their continued support and dedication to our case. They helped us for over 2 months. After one major mortgage company turning us down, Share to Buy threw us a life line. They never gave up on us. The time and help that was given through the Share to Buy team was fantastic.
Thank you so much Share to Buy. You really care about people and work hard and efficiently to make each and every one of their customers satisfied.
Charlie and his young family bought a second hand ‘resale’ part buy part rent home near Canonbury/Highbury, Islington with the help of Share to Buy, a place you would not normally think of as affordable. They say:
We were in contact with Share to Buy from early on in our house hunting journey. We'd opted for shared ownership and after having initiated the assessment process with Family Mosaic, our research in S.O. mortgages landed us on Share to Buy's doorstep. As a first time buyer, it's an onerous journey - there's a lot to understand and a lot to be frustrated by. We learnt a lot as we went along and what made the process of learning less painful by far was the indefatigable support and willingness Share to Buy provided us.
Most people have horror stories about buying a house, and whilst we were lucky compared to many with what we had to endure at the hands of the mortgage lenders, Share to Buy were continually searching for ways to ease our pain when lenders suddenly changed opinion on interest rates or even towards lending to us.
When we eventually secured our mortgage, with a lot of attention provided by Share to Buy to ensure paperwork was being processed by lenders and that we had provided all relevant information, it felt a shame our relationship with Share to Buy had to end!
We're giving Share to Buy 10 out of 10 - they listened to us, quietly held our hands whilst we ranted and rang us up afterwards to congratulate us on our move; it really was gold star treatment. Thanks.
Ben & Jules puchased a semi-detached house in Aylesbury with the help of Share to Buy. They told us about their experience buying a shared ownership home:
When we stared looking for a Shared Ownership Mortgage we were shocked at the limit of choice. We discussed our options with a number of different mortgage brokers and the mortgage offers we were shown weren't great but seemed to be our only choice. Many of which had quite high APRs.
Luckily for us we then discovered Share To Buy. They immediately found us an amazing Shared Ownership mortgage that none of the other brokers were even aware of as only Share To Buy were able to offer this exclusive deal which was far far better. We dealt with Debbie and she took all the stress out of the mortgage process and answered all our questions. This then meant we had more time and energy to look at the other aspects of owning our first home.
We would recommend Share To Buy to anyone starting out on the housing ladder as they can get fantastic deals that the high street banks simply can't offer.
Tessa puchased a home in London with help from the Share to Buy Mortgage team. She shares her experience of buying a shared ownership home:
We first contacted Share to Buy in August 2013. Having happily rented at the relatively 'high' end of the London market in Battersea for ten years in the same flat, we were in our early thirties and wanted to buy a home in our beloved area where we knew we wished to remain. Without having the approximate £50,000 in savings needed for a deposit on the open market, we were introduced to shared ownership through a friend.
Having found the Share-to-Buy portal online, we used the various resources to do some calculations and sent off for an Agreement-in-Principle. Debbie Walser and Rachel Scrivener from Share to Buy got in touch with us immediately, and over the following weeks and months provided us with such a wealth of clear, informative and honest information, that I felt as if we should be paying for this wonderful service! We continued to research throughout autumn 2013, and found that the properties on offer needed to be navigated carefully, as some had very low limits on the maximum household income of the buyers - far lower than the (at the time) government-set cap of £67,000 - something to be taken into account at the same time as the upper cap.
We were offered a home at the prestigious Battersea Reach development in December 2013, and moved in upon completion of the build in March 2014. Our mortgage processing, offer and completion were seamless and stress-free, due to the preparation we had been able to do with Debbie and Rachel's assistance.
In November 2016, Share to Buy contacted us regarding the concept of re-mortgaging our original 40% share that we had purchased in 2014 to capitalise on the increased equity in our home. Being in Travel Zone 2 and ideally located for local amenities, our apartment had significantly increased in value over the eighteen months since we had purchased the original share, and thanks to this we were able to buy out the rest of the shares by only needing to raise funds for the Stamp Duty and moving fees. We did not hesitate in returning to Share to Buy for this transaction, as their expertise really is second-to-none - thank you again to all the team!
21st June 2017
Are you a shared owner, in London, and looking to make your next move? Then Southern Home Ownership may have the answer!
Since you first bought your shared ownership home, life may have changed. For some it’s the need more space due to a growing family or new partner moving in, or it could be a job relocation to a less central part of London, and for others it could quite simply be the want of a change of scenery. Homes in London are ever increasingly expensive and for many, shared ownership is still the only way you can afford a home in the City. Read on
16th June 2017
As this is our first blog in conjunction with our partners at Share to Buy I felt it only right to introduce ourselves and how we work. My name is Matt Johnson and along with Daniel Mills, one of the partners at our firm, we head up the teams in the Shared Ownership department here at AJLO.
19th March 2017
Saturday 18th March saw over 4,400 attendees to London’s No.1 event for first time buyers, the London Home Show Spring 2017.
With 47 exhibitors under one roof, the event offered attendees the opportunity to speak to the biggest names in the first time buyer sector, including housing providers, financial advisors, legal experts and more. Attendees could register their interest in the properties and services on offer from exhibitors, and thousands of leads were generated over the course of the day.
15th March 2017
This guest blog comes from Southern Home Ownership, sponsors of the London Home Show Spring 2017.
Southern Home Ownership is part of Southern Housing Group; one of southern England's largest housing associations, with a growing portfolio of over 26,000 homes across London and the South East. We’ve been helping buyers onto the property ladder for over 30 years, making home ownership a reality for more than 4000 households.
Please find more Shared Ownership case studies at the below links:
Please find Help to Buy case studies at the below links: