Featured Properties
Trafford · Shared Ownership New Build
Share percentage 25%, full price £285,000
Salford · Shared Ownership New Build
Share percentage 35%, full price £400,000
Trafford · Shared Ownership New Build
Share percentage 25%, full price £285,000
Salford · Shared Ownership New Build
Share percentage 35%, full price £400,000
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 Manchester, 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 Manchester 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 Manchester 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.
“The landlord at our old place kept threatening to sell up and leave us in the lurch, which produced a lot of anxiety. Now we’ve got a stake in something, we aren’t at the mercy of someone else - we wouldn’t have that freedom if we stuck in renting or bought somewhere outright. Shared Ownership has been a perfect solution.”
“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!”
“The huge number of properties listed on the Share to Buy website gave me a lot of choice all in one place, even with my limited budget. Shared Ownership meant I could afford a brand new home in Zone 3, which I didn’t think I would be able to manage in a million years for my first home.”
For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Manchester can help them to take those vital first steps on to the property ladder. Help to Buy homes in Manchester 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 Manchester, 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.
There are few places anywhere in the UK that can match the local pride of the city of Manchester. This former textile powerhouse may have changed significantly over the years, but that sense of community spirit has never waned, even as the city transformed from the industrial era into one best known for its astonishing contributions to the world of art and culture.
Perhaps the most well known of Manchester’s incredible artistic legacy can be found in its music. The city has produced the likes of Oasis, The Stone Roses, The Smiths, Happy Mondays, The Chemical Brothers, Take That and more. But, if you somehow weren’t familiar with the city, it wouldn’t take too long for the stunning architecture to clue you in to the fact that this is a city with quite the creative spark.
However, Manchester is not content to rest on past achievements, with its cultural scene as vibrant as ever. Whether you’re looking to check out the best of the rising comedy scene at The Frog and Bucket, see the biggest bands in the world at the 02 Academy, enjoy world-renowned West End productions at Manchester Theatre House, catch a spot of jazz at Band on the Wall or check out any number of the incredible landmarks that make Manchester such a historically fascinating city, you definitely won’t be disappointed here.
Not only that, if you’d prefer to just enjoy a lazy afternoon, there’s plenty of great tranquil spots too, such as Fletcher Moss Park and Botanical Gardens where you can watch the day go by. And this is just the tip of the iceberg. Manchester is so vast in the sheer scale and variety of things to see, do and experience, that we’ve barely scratched the surface of what’s on offer.
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…
One, two and three bedroom apartments and duplexes at Points Cross Prospective Leeds homeowners enjoyed afternoon tea and prosecco at an event held by national housing developer, Guinness Homes. On Saturday 14th January, the event at Points Cross, Chadwick Street, celebrated Phase One of the Shared Ownership development with the launch of its state-of-the-art two…
Majority of purchasers plan to get on the property ladder on their own As the leading property portal for first time buyer homes, our most recent survey at Share to Buy has showed that the majority of prospective Shared Ownership buyers are planning to purchase a home on their own. In our survey of over…
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