The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Kidlington 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 Kidlington, 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 Kidlington 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’re a first time buyer, you may feel worried that the prospect of home ownership is out of reach for you. Thankfully, with Shared Ownership homes in Kidlington, taking that first vital step onto the property ladder can be more achievable and affordable than you may realise. Help to Buy homes in Kidlington also offer a great option for potential buyers looking to lay down roots in remarkable locations.
Want to stay updated with the latest Shared Ownership and Help to Buy properties in Kidlington? Well, it couldn’t be simpler. All you need to do is sign up to Share to Buy and register to receive alerts when new properties become available in your desired area.
From its old English name to its many spellbinding historical attractions and feats of remarkable architecture, to the astonishing natural beauty that can be found all around, and even its place within the vital Domesday Book: everything about Kidlington appears to showcase the absolute best of a British village. And, it lives up to that incredible initial impression, while also putting its own individual stamp on the idea of a green and pleasant land.
Take, for instance, the Grade-1 listed Church of England Parish Church of St. Mary the Virgin, with a history that stretches back nearly a millennium and a 220-foot spire. This isn’t something that can be found or replicated anywhere else, just like the many Georgian buildings scattered throughout. Nor can its unique placement between the River Cherwell and the Oxford Canal, the exquisitely extravagant Blenheim Palace, the dizzying Marlborough Maze, the astonishing Farmoor Reservoir, among many more examples.
The important point we are trying to make isn’t just that there are many wonderful things to do in Kidlington, but also that this is an area that is far beyond a picturesque idea of an English village. It’s very much its own area, complete with its own character and distinctive features.
And, of course, this only scratches the surface. Kidlington has a lifetime of discoveries for you to enjoy. That’s not to mention the several dozens of shops, markets, cafes, restaurants and pubs: all of which provide both in a literal sense and in the way of community spirit and cohesion.
It’s also a place of culture, one with a deep love of sports and a musical tradition which stretches back centuries, with an amateur operatic society and even a brass band which has routes from back to the late 19th century. Plus, its close proximity to London Oxford Airport truly does mean that the sky truly is the limit here. Kidlington is one of the biggest villages in England in more ways than one.
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