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 Liskeard, 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 Liskeard 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 Liskeard 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.
“A friend at work had just signed up on the Share to Buy website and said I should register too. I didn’t know much about Shared Ownership so the Share to Buy website was really helpful, giving me all the information that I needed about the scheme. It turned out that there were a few properties in my area, so I registered for all of them!”
“I’d got it into my head that finding a Shared Ownership home would be quite a painstaking process, but Share to Buy made it so easy. I liked that you could do everything online – there was no posting off forms or long phone calls. The website was very visual, with plenty of photos, and it was so simple to use.”
“I think with home ownership, it is easy to become disheartened but once you seek advice and look at all the options, it’s not as daunting or as stressful as it can be portrayed. I bought my Shared Ownership home with just a £6,000 deposit and now my monthly payments including bills is just £1,060, which I never thought would be possible!”
If you’re a first time buyer, you may be concerned that home ownership is an aspiration beyond your reach. Thankfully, Shared Ownership homes in Liskeard can give you the vital boost you need to take that initial step onto the property ladder. Help to Buy homes also offer great options for buyers looking to settle down somewhere they truly love.
Want to stay up to date with the latest Shared Ownership and Help to Buy properties in Liskeard? First, all you need to do is sign up to Share to Buy. From there, register to receive alerts when relevant properties become available in your desired location.
You don’t have to spend long in Liskeard to understand why it’s such a wonderful part of Cornwall. So astonishing is this market town that some of its attractions are simple trails through which you can see some of the many amazing sights around the town centre, past the railway station and to the south. Liskeard is quite literally so stunning at every turn that you can pretty much pick a direction to go in and find enough for it to be considered a tourist attraction.
While other areas need to go big and invest piles of money into projects to attract people to visit, Liskeard is content to simply let its obvious beauty shine through. And what a beauty it is. From Golitha Falls to Carnglaze Caverns, as well as the likes of the magical Siblyback Lake and the prehistoric Hurlers Stone Circles, there are few places anywhere in the UK that can boast as sensational outdoor attractions.
In fact, there’s so much here that a visit alone isn’t going to be enough to enjoy all the town’s spectacular assets. To be honest, these are the kinds of attractions that are timeless and exist to enrich your life beyond that initial experience. They colour your world with a sense of wonder that only mother nature at her best can provide.
Speaking of timeless, we can’t talk about Liskeard without mentioning its history. Of course, most places in England have a fairly substantial heritage but few can claim to actually be prehistoric. All those influences roll through the centuries to create an area that is utterly distinct and unrivalled.
With that said, it’s important to note that Liskeard benefits from a very modern community spirit. The town holds yearly carnivals and pantomimes, along with fairs and agricultural shows. There’s even street entertainment for the illumination of the Christmas Lights! This busy annual calendar, alongside all those vital local businesses, really create a well-rounded area you can feel proud to call home.
Eco-efficient apartments and houses available through Shared Ownership Recent research by Hamptons, part of the Connells Group, has found that the average rent in the Midlands rises nearly £1,000 per year – an increase of nearly 10% on the year before. Meeting the need for affordable housing in Birmingham, one of the West Midland’s major…
Three bedroom townhouses available through Shared Ownership When it comes to lifestyle choices, Bath really does have it all. In fact, the city was named as Vitality’s* best place to live this year, boasting an eclectic mix of independent shops, cafes and restaurants, as well as historic attractions, and beautiful Georgian limestone buildings, all within…
One and two bedroom homes available at Higgs Yard, a stone’s throw from Brixton Higgs Yard by Peabody is a brand new collection of Shared Ownership homes recently launched and available from £112,500 for a 25% share. Located in the heart of Herne Hill, Higgs Yard is an exciting new collection of one and two…
