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 Haringey, 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 Haringey?
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 Haringey?
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 Haringey?
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 Haringey?
Share to Buy lists thousands of Shared Ownership homes all across Haringey 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 Haringey - Shared Ownership Properties for Sale in Haringey - Share to Buy
For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Haringey can help them to take those vital first steps on to the London property ladder. Help to Buy homes in Haringey can also help potential purchasers to put down roots in an area they love, and finally find a place to call their own.
If you want to keep up to date with Shared Ownership and Help to Buy homes in Haringey, all you have to do is sign up to Share to Buy and register to receive alerts. We’ll then automatically notify you when new properties become available.
With its boundaries falling in both Inner and Outer London, Haringey is a key area in North London, and one which encapsulates so much about what makes our capital great.
Whether you want to partake in a spot of shopping, stop for a bite to eat, or check out some local landmarks, there’s something for everyone in Haringey. If looking for a night out, there’s a wide array of bars and pubs to choose from. Whether it be The Queens, Salisbury or any number of world-class drinking establishments that takes your fancy, there’s plenty of spots to quench your thirst.
For nature lovers, the borough’s many parks and natural wonders should more than keep you occupied; in fact, it’s home to one of the city’s few green heritage sites in the form of Highgate Wood. This leafy borough boasts everything from wooded high grounds, all the way back down to the flat earth alongside the River Lea.
Registration open for London Home Show Spring 2023
Tickets available for the capital’s biggest first time buyer event Share to Buy’s free London Home Show event will be returning to the Queen Elizabeth II Centre for its 10th year on Saturday 15th April 2023, 10am to 5pm. Check out our video from the autumn 2022 event and hear from some of our exhibitors including Share…
Guinness Homes: New Shared Ownership homes in Leeds
One, two and three bedroom apartments and duplexes at Points Cross Prospective Leeds homeowners enjoyed afternoon tea and prosecco at an event held by national housing developer, Guinness Homes. On Saturday 14th January, the event at Points Cross, Chadwick Street, celebrated Phase One of the Shared Ownership development with the launch of its state-of-the-art two…
SURVEY RESULTS: Shared Ownership can help single buyers
Majority of purchasers plan to get on the property ladder on their own As the leading property portal for first time buyer homes, our most recent survey at Share to Buy has showed that the majority of prospective Shared Ownership buyers are planning to purchase a home on their own. In our survey of over…
Boiler Choice: Why check the central heating before investing in a property?
A guide to central heating, types of boilers and everything in between For most individuals, buying or investing in a property is a significant decision. Such an undertaking requires a significant commitment in terms of both capital and time, so it is important that one has all the salient information prior to signing on the…