The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Vale of White Horse 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 Vale of White Horse, 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 Vale of White Horse 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.
For first-time buyers, Shared Ownership homes in Vale of White Horse are a great way of making those first steps onto the property ladder feel so much more accessible. Help to Buy homes in Vale of White Horse can also help potential purchasers put down roots in an area they love and find a place to call their own.
If you want to stay up to date with Shared Ownership and Help to Buy properties in Vale of White Horse, then it couldn’t be simpler. Just sign up to Share to Buy, register to receive alerts and we’ll notify you when new properties are announced in this area.
There are few places in the United Kingdom that are worthy of a name as epic as the Vale of White Horse District Council. However, we think that this stunning location in Oxfordshire just about manages to pull it off. Found south of the Thames in Berkshire, the Vale of White Horse has a history that is every bit as spectacular as its title suggests. It boasts some incredible historical sights that really help to bring a sense of character and individuality to the area.
You could argue though that those architectural delights are overshadowed by the magnificent parks, hills, gulleys and barrows which pepper the land with their splendour. Oxfordshire is a pretty amazing place when it comes to the great outdoors, and the fact that Vale of White Horse still manages to stand out amongst its neighbours really is no small feat.
You can also drive into Oxford City within a little over half an hour from most parts of Vale of White Horse. This means that you can enjoy escaping to the tranquillity of the district without ever being too far from all the modern conveniences of a big city.
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