What is Shared Ownership?
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.
Shared Ownership FAQsFind out more
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 Northamptonshire, 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 Northamptonshire?
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 Northamptonshire?
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 Northamptonshire?
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 Northamptonshire?
Share to Buy lists thousands of Shared Ownership homes all across Northamptonshire 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 steps to find your new Shared Ownership home
Find your home with Share to Buy
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.
Shared Ownership Northamptonshire - Shared Ownership Properties for Sale in Northamptonshire - Share to Buy
If you’re a first time buyer, then you may be concerned that your aspirations of home ownership are achievable. Thankfully though, Shared Ownership homes in Northamptonshire can make that vital first step onto the property ladder more accessible and affordable. Help to Buy homes in Northamptonshire also provide a great option for buyers looking to lay down roots in their dream location.
Do you want to stay up to date with the latest Shared Ownership and Help to Buy properties in Northamptonshire? It couldn’t be easier. All you need to do is sign up to Share to Buy and register to receive alerts when new properties become available.
With a heritage so rich that historians are still unsure as to when humans began occupying what would one day become Northamptonshire, it should be little surprise that the Rose of the Shires is a place of hidden depths. It boasts the kind of atmosphere and unique character that can only be forged through the merging of past influences.
Of course, there’s little left of the Palaeolithic era for your average Northamptonshire resident to enjoy, except perhaps some intellectual curiosities. However, the historical buildings that do remain from the last millennium are a living patchwork of English history. They not only provide the area with beauty and intrigue, but also an identity unlike anywhere else.
Those aren’t the only sights to soak up though, as the many parks, lakes and forests continue to inspire awe and wonder in whoever pays them a visit. The examples of natural beauty here are as timeless as the sky they fall under. Not to mention, they provide the perfect places to raise a family, or simply get in touch with nature.
It’s important to note that Northamptonshire isn’t only about green fields and centuries-old castles though. It offers economic opportunity, with the South Midlands in particular being notable for its vital place in the motorsports industry. Many household names still call the area their manufacturing home. Alongside this, there are plenty of great educational establishments, with a wealth of excellent schools, colleges and universities to choose from.
It’s not all just work in Northamptonshire: this area is a whole lot of fun too. After all, how can a place that has a theme park, aviation museum and Silverstone circuit not be? On top of that, it also invites the expression of your creative side. Music and performing arts are given plenty of focus in the education sector and opportunities are provided at the higher level too. It’s easy to see why – we can’t imagine many locations being better at providing inspiration.
If your career takes you elsewhere, you can still call Northamptonshire your home, thanks to excellent transport links. The M1 motorway connects it to everywhere between Leeds and London, alongside a huge selection of railway lines. The UK has many beautiful areas, but few are as practical or as enjoyable a place to live as Northamptonshire.
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