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 Chiswick, 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 Chiswick?
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 Chiswick?
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 Chiswick?
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 Chiswick?
Share to Buy lists thousands of Shared Ownership homes all across Chiswick 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 Chiswick - Shared Ownership Properties for Sale in Chiswick - Share to Buy
If you’re a first time buyer, then you may feel worried that home ownership is out of your reach. With Shared Ownership homes in Chiswick, that doesn’t have to be the case. They can make that vital first step onto the property ladder more accessible and affordable than ever. Similarly, Help to Buy homes in Chiswick allow potential buyers to finally get the keys to their dream home.
Want to stay updated with the latest Shared Ownership and Help to Buy properties in Chiswick? Well, at Share to Buy, we make it so quick and simple. Simply sign up to Share to Buy and then register to receive alerts when relevant properties become available in your desired area.
Chiswick feels like the kind of London district which tourist guides were made for. It’s almost as though you can barely turn in any one direction without there being some new wonder for you to discover here. For instance, it’s the home of the capital’s biggest and oldest brewery and contains Hogarth’s House – the former home of the legendary 18th-century artist William Hogarth. On top of that, it’s the fishing post for the annual boat race between Oxford University and Cambridge University.
All this is just the start of this district’s unique appeal. Chiswick was also the residence of famous poets, painters, novels and more: all of which have left their mark on this most complex of cultural melting pots. These claims to fame are undoubtedly incredibly important. They have helped shape what makes Chiswick so interesting today, providing several towns worth of fascinating attractions. And that’s not to mention the fact that its colourful past of residents has provided a history which makes Chiswick just as interesting to look at as it is to learn about.
However, Chiswick is not just a place that is a mere historical monument – far from it. It’s a thriving community filled with bustling local businesses, such as excellent restaurants, pubs and retail outlets, as well as being an area of quite incredible natural beauty. Just take the Gunnersbury Triangle as an ideal example of how the location has managed to retain its natural assets amongst all the modern developments over the years. It is really no surprise then that so many artists have been inspired by these remarkable settings over the years.
Of course, its location and transport options also make Chiswick ideal for people who prefer the quieter charms, while also needing to work in other, most business-focused parts of the capital. Alongside being served by four London Underground stations, the district provides a direct line to Heathrow Airport. This means that amongst the quaint character of the area, you quite literally have access to the whole world.
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