Helping you along the buying process
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 FAQsFind out more
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 Central Bedfordshire, 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 Central Bedfordshire?
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 Central Bedfordshire?
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 Central Bedfordshire?
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 Central Bedfordshire?
Share to Buy lists thousands of Shared Ownership homes all across Central Bedfordshire 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
Find your home with Share to Buy
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.
Shared Ownership Central Bedfordshire - Shared Ownership Properties for Sale in Central Bedfordshire - Share to Buy
For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Central Bedfordshire may be the answer. Help to Buy homes in Central Bedfordshire can also make those first steps on the property ladder feel a lot less steep.
To keep track of all the latest Shared Ownership and Help to Buy properties in Central Bedfordshire, all you need to do is sign up to Share to Buy and register to receive alerts. We’ll then be able to notify you when relevant properties become available in your desired location.
Central Bedfordshire is found in the historic county of Bedfordshire, one with a fascinating past and an even brighter future. Having been around since the turn of the first millennium at least, according to records, the area’s legacy lives on through its individual sense of character, gorgeous architecture and fascinating museums.
Another thing which has also been passed on through the generations is Central Bedfordshire’s natural beauty. This is displayed in its many gorgeous parks, which are perfect for nature lovers and family outings. These surroundings make Central Bedfordshire a stunning place to own a home.
If that wasn’t enough, Central Bedfordshire is also complete with excellent transport links, conveniently connecting it to everywhere from London to the north of England. This makes commuting from the big cities to this rural county setting so straightforward and means that you really can have the best of both worlds.
Not only that, but you will find properties here to be much more affordable than the giant costs associated with some parts of the capital, allowing you to enjoy greater affordability without having to sacrifice career opportunities. And once you’ve returned back to Central Bedfordshire from a hard day’s work, you can always unwind in one of its excellent restaurants, bars, cafes and pubs.
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