The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Houghton Regis 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 Houghton Regis, 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 Houghton Regis 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.
If you are a first time buyer, you may worry that your home ownership aspirations are beyond your reach. Thankfully, Shared Ownership homes in Houghton Regis could be your ideal answer, offering an affordable way to take that vital first step onto the property ladder. Help to Buy homes in Houghton Regis are also perfect for buyers looking to settle down somewhere special.
Want to stay updated with the latest Shared Ownership and Help to Buy properties in Houghton Regis? We make it so quick and simple. Just sign up to Share to Buy and register to receive alerts when relevant properties become available in your desired location.
Known in the Domesday Book as Houstone, it’s fair to say that Houghton Regis has been around for a fair few years. It is, in fact, significantly older than many of its surrounding areas, which are themselves far from lacking in distinguished history.
When you look at the places that lie beyond the borders of Houghton Regis – at the likes of Dunstable, Luton and Bedfordshire more generally – it’s important to note that this is a place which does not exist as an island. All the benefits these areas boast are located close enough to be enjoyed in general by the residents in Houghton Regis and its neighbouring parts.
This, of course, includes that shared history which provides so many things to see and experience. It also gives the area as a whole a greater sense of community, individuality and depth that can only be forged by centuries upon centuries of time and growth. It helps that much of this heritage can be so easily appreciated in the spectacular examples of architecture, which are as attractive as they are interesting. But they aren’t the only thing which makes Houghton Regis a treat for the eyes.
There are also many beautiful green spaces, providing a place where people of all ages can get outside, breathe in the fresh air in a healthy environment and enjoy fun family days out together. Speaking of bringing people together, Houghton Regis’ legendary community spirit is exemplified by the many free events held throughout the year. This busy calendar also showcases the diversity of culture here, with everything from a carnival and a pancake race to a classic and vintage car show taking place, to give but a few examples.
Perhaps more important though are the day-to-day examples of Houghton Regis’ community. The shops, pubs, places to eat and all the other independent businesses create opportunities and conveniences here, as well as provide the foundation for which the residents of Houghton Regis can thrive.
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