The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Liverpool 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 Liverpool, 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 Liverpool 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.
For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Liverpool can help them to take those vital first steps on to the property ladder. Help to Buy homes in Liverpool 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 Liverpool, 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.
Where the Irish Sea meets the River Mersey, Liverpool is a maritime city that became one of the largest metropolitan areas in the country through being a vital port during the industrial revolution. This legacy lives on today, as it remains one of the largest economies in the north of England.
For residents and those looking to make Liverpool their home, this means that there are fantastic opportunities when it comes to employment. This is in no small part thanks to its healthy mix of the service sector and leisure sector jobs making up a large chunk of the local economy.
For those hoping to make a career in these or any number of industries, Liverpool can offer a bountiful selection of job possibilities. These opportunities are also matched by educational excellence, with some of the finest performing secondary schools, alongside three universities making it an ideal location for families looking to give their children the best possible start in life.
In terms of things to do, Liverpool is no slouch there either. Although perhaps best known for its musical scene, due to it being the home of The Beatles and other famous bands such as The Las and Echo and the Bunnymen, Liverpool has much more to offer than just great tunes. In addition to legendary venues like The Cavern Club and live music juggernaut Echo Arena, there’s also plenty of great museums. These include The World Museum, British Music Experience and Walker Art Gallery, as well as living history in the form of any of the many amazing landmarks that make the cityscape a colourful and unique place to be.
And if that wasn’t enough, there’s also plenty of world-class restaurants and humble eateries, alongside plenty of bars and clubs to keep even the pickiest late-night wanderer in good spirits.
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…
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