Helping you along the buying process

Search for a property in Bourne
Search for a property in Bourne
Tools to check your affordability
Tools to check your affordability
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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 Bourne, 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 Bourne?

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 Bourne?

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 Bourne?

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 Bourne?

Share to Buy lists thousands of Shared Ownership homes all across Bourne 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 Bourne and register your interest
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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
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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 Bourne - Shared Ownership Properties for Sale in Bourne - Share to Buy

As a first time buyer, you may feel concerned that the prospect of home ownership is out of your reach. Thankfully, with Shared Ownership homes in Bourne, that vital first step onto the property ladder could be more affordable than you think. Help to Buy homes in Bourne also offer excellent options to buyers looking to unlock the door to their dream property.

Do you want to stay up to date with the latest Shared Ownership and Help to Buy properties in Bourne? Well, all you have to do is sign up to Share to Buy and register to receive alerts when relevant properties are added to the market. It’s that simple.

Nature, history and culture: although the variety of opportunities and experiences Bourne offers extends far beyond these three subjects, we do think it’s fair to say that they are some of the pillars of what makes this part of Lincolnshire such a special place to live. History and culture are, of course, intertwined, as the local pride of Bourne is formed by – and would be unrecognisable without – its heritage.

These unique characteristics bounce off each other and are often inseparable – just take a look at the many listed buildings found throughout the area! Each one is a loving record of a time and place long since passed, while also being an architectural work of art all in one. As directly as this history is celebrated through the likes of Bourne Museum, you could make the argument that it is just as present in the character of the town, and in the spirit of the local community.

Speaking of community, it’s also worth pointing out that Bourne is as much a practical place to live as it is an inspirational one. There’s plenty of opportunities here and nearby, thanks to the diverse economy of Lincolnshire, alongside several educational establishments in Bourne itself. These cater from primary to sixth form education and, of course, further prospects are available in other parts of the county. These are complemented by all the local businesses which bring the area together, providing plenty of conveniences and career paths for local residents, which number around 15,000 according to recent estimates.

For many though, the main thing that draws them to Bourne is the natural beauties which remain unspoiled ever since the Domesday survey first recorded Bowthorpe Oak. Perhaps the jewel in the crown in this regard is the 400-acre large Bourne Wood, which is the perfect place to lose yourself in the majesty of your surroundings.


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