Shared Ownership in Aylesbury Vale
Across England, the Government supports a range of schemes to support affordable home ownership. All official schemes outside London fall under the homebuy brand of government backed affordable home ownership. The most established scheme is shared ownership, otherwise known as part buy part rent but there are also shared equity schemes (e.g. Firstbuy), and rental products, including rent to buy. For more detail on the specific homebuy schemes available in Aylesbury Vale click on the tabs at the bottom of the page. In addition, at sharetobuy.com there are a range of options open to people wishing to research their affordable housing options:
- To search for shared ownership properties for sale in Aylesbury Vale, use the search tool on the left hand side of the page or click here to go straight to search results in Aylesbury Vale. If you cannot find anything that suits your needs at this time we are constantly adding properties and you can register to receive property alerts whenever we do so.
- If you are looking for a shared ownership solicitor in Aylesbury Vale, you can find solicitors on the sharetobuy.com panel with huge experience of the various homebuy schemes.
- Share to buy are also authorised mortgage brokers and you can use our mortgage tool to compare products available for part buy part rent purchases. See our shared ownership mortgages.
Search for properties in Aylesbury Vale
These are examples of properties that are currently available in Aylesbury Vale. Click here to search for all properties in Aylesbury Vale.
Oakbrook, - 2 bed apartment in Milton Keynes£230,000 (20% equity loan)
20th September 2017
Shared Ownership Week returns for its fifth year, 21st - 27th September. Shared Ownership week raises awareness this home ownership scheme which offers a life line to thousands of first time buyers.
19th September 2017
Countdown to the London Home Show Autumn 2017: Our sponsor Crest Nicholson give you the low down on their fantastic development Dylon Works, available via Help to Buy London.
Part buy part rent in Aylesbury Vale
The longest-running affordable home ownership scheme is 'shared ownership', and this is often referred to as 'part buy part rent' because you literally buy part of a property and then pay rent on the remainder. Thus, the product can be seen as literally offering a stepping stone between renting and buying. When you part rent part buy a home, the share can start from as little as 25% and the rent on the remaining share is usually capped at an affordable amount usually in the region of 2.75%. If you consider that availability of mortgages with a 5% deposit has historically been strong in the shared ownership scheme, you can potentially put down just 5% of 25% of the purchase price and as you may often not have to pay the purchase tax known as stamp duty, it makes the total cash you need typically far lower than buying on the open market. Another strong feature of the part buy scheme in Aylesbury Vale and elsewhere is that there is an established second hand market of part buy part rent homes. Although most properties are available on a new build basis, over time, these properties can be sold on to new buyers and if the owner has not yet bought 100% of the property they can offer their existing share for sale on a second hand basis in a process known as a 'resale'. Search sharetobuy.com for part buy part rent properties in Aylesbury Vale and across England.
Aylesbury Vale is a large area of agricultural landscape located in the northern half of Buckinghamshire with a population of around 166,000. Its boundary is marked by Milton Keynes to the north, Leighton Buzzard and the Chiltern Hills to the east and south, Thame to the south and Bicester and Brackley to the west. The district has a number of historic buildings and landscapes which are popular tourist attractions.
The district contains no motorway junctions, although the M40 does enter the district briefly. Major roads include the A41, A413 and A418- which all meet at Aylesbury. The A421 passes through the north of the district providing connections to Milton Keynes, Bedford and the M1 to the east, and the M40 and Oxford and Birmingham to the west. The districts main train station in Aylesbury goes from London to Aylesbury with connecting services to Princes Risborough station. In addition, the West Coast and Chiltern main lines both pass through the district, each having a station within the district.