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The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Shoreham-By-Sea and nationwide have their homes listed on Share to Buy.
Find a Shared Ownership Home in Shoreham-by-Sea
Search in Shoreham-By-Sea for your new home
Helping you along the buying process
Tools to check your affordability
Affordability
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 FAQs
Find out moreDoes 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 Shoreham-By-Sea, 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 Shoreham-By-Sea?
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 Shoreham-By-Sea?
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 Shoreham-By-Sea?
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 Shoreham-By-Sea?
Share to Buy lists thousands of Shared Ownership homes all across Shoreham-By-Sea 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
1
Research
We have a wealth of tools, FAQs, guides and blogs to help you understand your options
2
Search for a property
Find the right home for you in Shoreham-By-Sea and register your interest
3
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.
SUCCESS STORIES
Terry and Ashley - Shared Ownership buyers in Newham
“We were delighted when our application was successful, we moved in a few months later and settled in really quickly. It definitely feels different now we are home owners, it’s so satisfying knowing we own this place. There is no doubt that Shared Ownership is a good way to get onto the housing ladder in London.”
SUCCESS STORIES
Laura - Shared Ownership buyer in Newham
“The Shared Ownership calculator on Share to Buy gave me a really clear understanding of what my budget was and what my monthly outgoings would be, including rent and service charge. The buying process of Shared Ownership was really simple - I bought a 35% share of my property and eventually plan on staircasing to own more of it.”
SUCCESS STORIES
Renata - Shared Ownership buyer in Brent
“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.”
Shared Ownership Shoreham-By-Sea - Shared Ownership Properties for Sale in Shoreham-By-Sea - Share to Buy
Many first time buyers can feel disheartened that the prospect of home ownership is out of their reach. With Shared Ownership homes in Shoreham-By-Sea though, that doesn’t have to be the case, as that vital first step onto the property ladder is more affordable than you may realise. Help to Buy homes in Shoreham-By-Sea also offer great options for buyers looking to find their dream forever home.
Does Shared Ownership and Help to Buy properties in Shoreham-By-Sea sound like something you want to keep up to date with? Well, at Share to Buy, we make it so quick and easy. Simply sign up to Share to Buy and register to receive alerts when new properties become available.
With the chalky hills of the South Downs to the north, the stunning Adur Valley to the west, and nestled by both the tranquil River Adur and the sensational Shoreham Beach, there’s not a direction you can look in Shoreham-By-Sea where you won’t find something truly astounding. With beauty all around you, there’s no shortage of wonderful experiences to be found, and ones which are as perfectly suited for a family as they are for young professionals or couples. It’s hard to imagine a demographic which won’t find plenty to be amazed by here.
In fact, people have found Shoreham-By-Sea inspiring for centuries. The town has appeared in historical documents as well as in literature and art throughout the ages. And, of course, not only is its character evident throughout history but it is also informed by its rich heritage, with many incredible feats of architecture. These tell a tale that weaves throughout the Middle Ages, the Victorian era and to the present day in a feast for the senses.
We could say the same about the spectacular natural assets of Shoreham too. The areas we’ve mentioned – the beach, valleys and rivers – are home to a vast array of wildlife, both flora and fauna. One thing that Shoreham is famous for is the huge amount of butterfly species that can be found across the South Downs area, to give just one example.
It’s also a very practical place to live because Shoreham-By-Sea manages to balance industrial modernity with all of these picturesque sights. That means that there’s plenty of opportunities in both education and employment within the area itself, as well as in nearby towns such as Brighton and elsewhere via the Shoreham-By-Sea railway station. The nearby Brighton City Airport opens up your scope even further, meaning you have an exceptionally extensive range of opportunities and experiences available to you.
Shoreham-By-Sea has been inspiring for a millennium and shows no sign of slowing down any time soon.
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