The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Warrington 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 Warrington, 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 Warrington 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.
If you’re a first time buyer, then you may feel concerned that home ownership is a prospect out of your reach. That doesn’t have to be the case with Shared Ownership homes in Warrington. They can help you take that vital first step onto the property ladder. Help to Buy homes in Warrington also offer affordable options to buyers looking to settle down in their ideal location
Do you want to keep up to date with Shared Ownership and Help to Buy properties in Warrington? Simply sign up to Share to Buy and register to receive alerts when new properties become available in your desired area.
Warrington is the largest town in Cheshire, sitting upon the banks of the River Mersey between Liverpool and Manchester. And its location really is very fitting, as it feels like the perfect meeting point for all the things which make the north of England such a fantastic place to live.
One of the key factors which makes Warrington so attractive to so many people is the balance it strikes between different attributes, whereas many other places make you pick and choose what you get from your hometown. Warrington provides plenty of space – not just in terms of how much you get for your money with properties in comparison to some of the more expensive locations in the south, but also in terms of sprawling greenery. It boasts many areas of astounding natural beauty, with Warrington being home to several designated nature reserves alongside many parks.
What makes it really special though is that all this comes with no need to sacrifice anything in the way of modern conveniences and attractions. It’s home to one of the largest shopping centres in the north-west and has plenty of retail areas, as well as excellent opportunities thanks to a diverse economy.
This is stretched even further thanks to the transport links which connect Warrington with everywhere from nearby major cities like the aforementioned Liverpool and Manchester, and down to North Wales. You’re even close to two separate airports, meaning living in Warrington allows you to travel wherever and whenever you desire.
This is all without mentioning the many cultural delights found here. First off, this is a town which is forged by history and that can be seen in its culture, buildings and museums, like the Warrington Museum and Art Gallery. There are also many events taking place throughout the year, including carnivals, festivals and even the likes of Warrington Walking Day, which helps bring the community together.
Speaking of festivals, you won’t have to wait for the Neighbourhood Weekender music festival to roll around to enjoy some live performances, thanks to the town’s venues, including Warrington’s very own concert hall.
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