The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Roade 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 Roade, 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 Roade 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.
Many first time buyers worry that the prospect of home ownership is out of their reach. Thankfully, Shared Ownership homes in Roade offer an affordable solution, helping you to take that vital first step onto the property ladder. Similarly, Help to Buy hoes in Roade are a great option for potential buyers looking for their dream home in an ideal location.
If you want to stay up to date with Shared Ownership and Help to Buy properties in Roade, then 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 in your desired area.
Found between the beautiful Blisworth and the Roade ward, the village of Roade is nestled in Northamptonshire. Its geographical position – between two individually brilliant locations and taking the best of both – really feels fitting as a symbol for the character of Roade in general. That’s because this is not just an area where two locations cross path. It’s also somewhere that so many different positives intersect as well.
Roade is at once distinctly stunning, yet familiar. There’s little doubt that the aesthetic of Roade is very much of its own, but the whole village looks so close to a chocolate box or picture-postcard ideal of an English village that first-time visitors can often feel like they’ve been here before. It seems likely that those perfectly idealistic images were based on areas just like this one.
Of course, Roade has far more depth than that, with a long and storied history providing both that individual streak and sense of local pride, which bring this area together. Speaking of bringing things together, what would Roade by without all those amazing shops, schools, businesses and even sports teams? These are not only practical but are also vital pieces of the jigsaw which creates an overwhelming feeling of community.
In these ways, Roade seems like a rather picturesque option for those looking to get away from the hustle and bustle of big city life. And indeed, it is. However, another way in which different benefits intersect here is through the access its train lines offer to its residents. You can enjoy all the things Roade and its neighbouring villages provide, without having to sacrifice anything in terms of opportunities.
Here you’ll be able to travel to London, Manchester and even Scotland, essentially opening up the whole of the United Kingdom. Roade has everything you need to provide a perfect home, including the ability to travel to wherever you want, for whatever reason you please.
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