The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in South London 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 South London, 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 South London 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.
First-time buyers can make their property ambitions much more achievable with Shared Ownership homes in Ashford. Help to buy homes in Ashford are also a great option for potential purchasers looking for a boost the property ladder.
To keep on top of Shared Ownership and Help to Buy properties in Ashford, then make sure to sign up for Share to Buy and register to receive alerts for relevant properties that have been added to this area.
Presiding over the largest district in Kent is Ashford Borough Council, home to 29 civil parishes. It’s a place of such great variety in terms of the living experience you can have depending on whereabouts in the district you choose to call home, that it’s hard to sum up all it has to offer.
It’s at once historic – with some truly stunning buildings creating an architectural kaleidoscope of style and grace – and rural – you’ll certainly have no shortage of parks to spend a day out with the family here – while also being an area of great development. Usually, that’s the trade-off: for all those perks, you compromise when it comes to conveniences. However, Ashford is no ordinary district.
Rapid expansion and growth have meant that the area now offers the best of both worlds, with the modern side of Ashford perhaps being best exemplified by its fantastic transport links. These allow residents to easily explore the rest of the UK and beyond, with Ashford International connecting to London, Lille, Brussels and Paris. In terms of the sheer scope of what’s available to its residents, few places can rival Ashford.
One, two and three bedroom homes available at Point Cross, Leeds Looking to get on the property ladder? Designed with first time buyers in mind, Shared Ownership is one way to buy a property that is helping young people across the country to purchase their own home. But what exactly is Shared Ownership? Experts from…
Thousands of first time buyers flocked to Share to Buy’s leading property exhibition On Saturday 23rd September 2023, Share to Buy welcomed over 3,800 attendees to the London Home Show at the QEII Centre in Westminster, celebrating 10 years of the capital’s biggest first time buyer event. The free event is the capital’s biggest exhibition…
Get on the property ladder with the part-buy part rent scheme Shared Ownership is a different way of buying a home that is helping thousands of people who previously couldn’t get on the property ladder take their first or next steps. As the popularity of this scheme continues to grow, many of our customers wonder…