The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Didcot and nationwide have their homes listed on Share to Buy.
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.
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 Didcot, 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.
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.
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.
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.
Share to Buy lists thousands of Shared Ownership homes all across Didcot 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!
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.
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.
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.
For first time buyers, that initial step onto the property ladder can often feel out of reach. Thankfully, Shared Ownership homes in Didcot can make achieving those home ownership aspirations so much easier. Help to Buy homes in Didcot are also a great option for potential buyers hoping to make their property dreams a reality.
At Share to Buy, we make it simple to stay up to date with the latest Shared Ownership and Help to Buy properties in Didcot. All you need to do is sign up to Share to Buy and register to receive email alerts when new properties become available in your desired location.
Is there anywhere as quintessentially British as Didcot? It has an adorable name, an amazing history and those all-important green and pleasant lands. And of course, you can’t talk about its past or its many beautiful sights without discussing its legendary status as a railway town.
Brunel’s Great Western Main Line connected to London Paddington all the way back in 1844 and it remains a beacon to a bygone era today, thanks to Didcot Railway Centre. This family-friendly attraction allows children of all ages to connect with the past through steam locomotives – what better way? Pendon Museum is also a great place to explore, containing three galleries worth of miniature models displaying life back in the 1920s and 1930s.
Away from all this is more opportunities for perfect days out for friends and families of all ages in Didcot’s many stunning parks, rivers and lakes. As you can clearly tell, history and nature are very important parts of life in Didcot. However, that doesn’t mean that the area lacks a more modern side.
Didcot helps power the rest of the country with its power stations and technology centres around the likes of Milton and Harwell. These all help us continue to strive towards an even better future, as do the scientists who work at the likes of Rutherford Appleton Laboratory and Culham Science Centre. There are perhaps few places that bring together the old and the new like Didcot.
This is without even mentioning everything that Didcot has to offer the world of sport and art, or the many places to eat and drink which make life here so merry. Didcot is a place of hidden depths. It was once named the most “normal” place in England. We’re afraid to say we have to disagree though, because in so many respects, Didcot is exceptional.
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