Helping you along the buying process

Search for a property in Lyme Regis
Search for a property in Lyme Regis
Tools to check your affordability
Tools to check your affordability
Contact a mortgage broker
Contact a mortgage broker

Shared Ownership FAQs

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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 Lyme 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.

Can I ever fully own a Shared Ownership home in Lyme Regis?

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 Lyme Regis?

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 Lyme Regis?

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 Lyme Regis?

Share to Buy lists thousands of Shared Ownership homes all across Lyme 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!

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The steps to find your new Shared Ownership home

We have a wealth of tools, FAQs, guides and blogs to help you understand your options
Search for a property
Find the right home for you in Lyme Regis and register your interest
Speak to the specialists
Contact a Mortgage Broker and Solicitor Panels to help you through the buying process

Find your home with Share to Buy

Learn more about the UK's leading first time buyer property portal, specialising in affordable home ownership options including Shared Ownership and Help to Buy
Start your search today
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.

Find out more about advertising your Shared Ownership property on Share to Buy.

Shared Ownership Lyme Regis - Shared Ownership Properties for Sale in Lyme Regis - Share to Buy

Many first time buyers worry that their ambitions for home ownership are out of reach. Thankfully, with Shared Ownership homes in Lyme Regis, that vital first step onto the property ladder could be closer than you think. Help to Buy homes in Lyme Regis are also ideal for potential buyers looking to settle down in a special location.

If you want to stay up to date with the latest Shared Ownership and Help to Buy properties in Lyme Regis, then all you have to do is sign up to Share to Buy. From there, you can register to receive alerts when suitable properties become available in your desired area.

It’s telling that Lyme Regis can have a nickname as audacious as “the pearl of Dorset” and it not feel hyperbolic in the slightest. This is especially true considering just how many incredible areas of the county could make a claim to that crown.

The gorgeous Lyme Regis lies on Lyme Bay. Its beautiful beaches, sprawling greenery and dramatic cliffs are so impactful that even those who have never visited the area may very well know it from its inclusion in several novels, TV shows and films. Perhaps most famously, it served as a breath-taking backdrop for Jane Austen’s The Persuasion. What can we say? It’s just a place that seems to inspire people. You really do have to see it to truly appreciate it, as our words can never do it justice.

This land not only provides a pretty setting for romantic scenes though. Few can boast the historical impact of Lyme Regis. It holds a vital place in English history as a major port and a market town. The area also withstood sieges and had a major impact on the world wars of the 20th century.

On top of that, this is a history which stretches far beyond our recent memory, as Lyme Regis is one of the most well-known destinations in Britain for fossils, particularly those found on its famous beaches and cliffs. This has helped make these areas a World Heritage Site. It even has fossils from eras which are rarely found, meaning it boasts increased historical and scientific importance. To put it simply, there are many ways in which Lyme Regis is exceptional.

However, alongside all these awe-inspiring assets, it’s important to never forget all the little things which make somewhere worth living. The culture, community, local businesses, attractions, retail opportunities, schools and employment options are all every bit as vital as those captivating views when it comes to making Lyme Regis excel in every respect. It’s as practical as it beautiful and makes just as special a home as it does a location for a beloved novel.


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