Helping you along the buying process

Search for a property in Bishop's Stortford
Search for a property in Bishop's Stortford
Tools to check your affordability
Tools to check your affordability
Contact a mortgage broker
Contact a mortgage broker

Shared Ownership FAQs

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Does 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 Bishop’s Stortford, 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 Bishop's Stortford?

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 Bishop's Stortford?

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 Bishop's Stortford?

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 Bishop's Stortford?

Share to Buy lists thousands of Shared Ownership homes all across Bishop’s Stortford 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!

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The steps to find your new Shared Ownership home

We have a wealth of tools, FAQs, guides and blogs to help you understand your options
Search for a property
Find the right home for you in Bishop's Stortford and register your interest
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 home ownership options including Shared Ownership and Help to Buy
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.

Shared Ownership Bishop's Stortford - Shared Ownership Properties for Sale in Bishop's Stortford - Share to Buy

If you’re a first time buyer, you may feel worried that home ownership is a prospect beyond your reach. With Shared Ownership homes in Bishop’s Stortford though, that initial first step on the property ladder is closer than you realise. Help to Buy homes in Bishop’s Stortford are also a great choice for buyers looking to find their dream home in an ideal location.

Do you want to stay up to date with Shared Ownership and Help to Buy properties in Bishop’s Stortford? Simply sign up to Share to Buy and register to receive alerts when new properties become available in your desired market.

When we look at the very best areas to live in Britain, they are all unique but retain one thing in common: that is variety. This means variety in the experiences and the opportunities that they offer, as well as in the depth of their culture and character. Bishop’s Stortford is a place which perfectly exemplifies this.

Firstly, you only need to take a look at this market town’s incredible history. Believed to have been abandoned by the Romans sometime in the 5th century, it found settlers later from the Saxons and the Normans, while it grew throughout the millennium. Connections were made to London through the River Stort, and it transformed into a market town and corn exchange for the first time in the 19th century. Around a hundred years later, it was a major evacuation centre in WWI. All this makes Bishop’s Stortford a truly fascinating place, and one which has a culture that has been deepened by its rich heritage.

However, what makes Bishop’s Stortford truly special is that it manages to perfectly balance this respect for the past with an eye for the future. The Rhodes Arts Complex, for instance, integrates a theatre, dance studio, cinema and a museum to offer a cutting-edge entertainment hub. This blend of the old and new – the variety of new experience with historical wisdom – makes it stand out from so many other places.

That’s just one example. There’s also a wealth of opportunities for the residents of Bishop’s Stratford, with plenty of employment and educational options in the town itself – especially in the tourism and retail industries, as well as elsewhere. This brings us to another big reason why Bishop’s Stortford can offer so many different options in such a small space. That’s because, thanks to excellent transport links, those opportunities are not confined within the market town.

The City of London is under an hour away with connections to various areas throughout the capital. This allows a lot of people who would struggle to get by living in very expensive London districts to be able to follow their ambitions. Once again, Bishop’s Stortford strength is in how much choice it can offer its residents.

Of course, this is without mentioning all the small businesses and attractions which pull Bishop’s Stortford together and make it so much more than a commuter town. This is just the tip of the iceberg. The only real way of seeing everything it has to offer is to check it out yourself.


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