Featured Properties
Eastleigh · Over 55's shared ownership
Share percentage 25%, full price £255,000
Eastleigh · Over 55's shared ownership
Share percentage 25%, full price £255,000
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 Eastleigh, 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 Eastleigh 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 major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Eastleigh and nationwide have their homes listed on 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.
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.
Find out more about advertising your Shared Ownership property on Share to Buy.
“From the moment I bought my first share, I knew that I wanted to staircase. A year after I moved in, I staircased to 75% and this past February I purchased the final share, and now I own my home 100% outright. I really do recommend Shared Ownership as a fantastic way to get into the housing market, it worked so well for me.”
“The huge number of properties listed on the Share to Buy website gave me a lot of choice all in one place, even with my limited budget. Shared Ownership meant I could afford a brand new home in Zone 3, which I didn’t think I would be able to manage in a million years for my first home.”
“The Shared Ownership calculator on Share to Buy gave me a really clear understanding of what my budget was and what my monthly outgoings would be, including rent and service charge. The buying process of Shared Ownership was really simple - I bought a 35% share of my property and eventually plan on staircasing to own more of it.”
Eastleigh may be a dream place to live, but many first time buyers feel that home ownership is out of their reach. However, Shared Ownership homes in Eastleigh can help to make your property aspirations a reality. Help to Buy homes can also provide assistance in getting your feet onto the property ladder.
If Shared Ownership or Help to Buy properties in Eastleigh sounds like something you’d be interested in, but you don’t know how to keep on top of the latest goings on, sign up to Share to Buy. Register today to let us know you want to receive alerts when new properties become available.
If you think of an idyllic British town, the image you come up with might just look something like Eastleigh. The stunning area may have a long and storied history which helped to mould its impressive sense of character and personality, but one thing hasn’t changed in all that time: this town in Hampshire still remains a distinctly beautiful and charming part of the country. From scenic railroads to amazing parks and pieces of architecture, all of these elements come together to produce a town that few forget.
As you’d expect from a historic railway town, Eastleigh has an incredible sense of culture; this can be found in its museums, theatres and love of sports, to name but a few examples. Of course, if you’re just looking for a great place to have a drink or a bite to eat, that’s also here too with plenty of fabulous bars and restaurants to choose from. With everything from a vibrant culinary scene to captivating cultural hotspots, there really is something here for everyone.
A step-by-step guide to getting an accurate valuation for Shared Ownership properties In the Shared Ownership, you own a portion of your property, usually between 10%-75%, depending on the Shared Ownership model in question, with the rest owned by the housing association you purchased it through. This means that when it comes to selling or…
How does Rent to Buy work in the UK? Tired of renting a home and not being able to afford one of your own? Those days could be over. Welcome to the world of Rent to Buy, an alternative housing scheme which helps you save money as you rent, while building a platform for you…
The experts help navigate the financial aspects of homeownership Introducing Censeo Financial Censeo Financial are an award-winning mortgage broker specialising in Shared Ownership and affordable homeownership. Having been trading for over 16 years, we work with many housing associations, councils and developers and have helped thousands of first time buyers get onto the property ladder.…