Shared Ownership in Basingstoke and Deane
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 Basingstoke and Deane 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 Basingstoke and Deane, use the search tool on the left hand side of the page or click here to go straight to search results in Basingstoke and Deane. 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 Basingstoke and Deane, 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 Basingstoke and Deane
These are examples of properties that are currently available in Basingstoke and Deane. Click here to search for all properties in Basingstoke and Deane.
Harbury Court - 2 bed apartment in Newbury£78,000 (min. share 40%)
21st June 2017
Are you a shared owner, in London, and looking to make your next move? Then Southern Home Ownership may have the answer!
Since you first bought your shared ownership home, life may have changed. For some it’s the need more space due to a growing family or new partner moving in, or it could be a job relocation to a less central part of London, and for others it could quite simply be the want of a change of scenery. Homes in London are ever increasingly expensive and for many, shared ownership is still the only way you can afford a home in the City. Read on
16th June 2017
As this is our first blog in conjunction with our partners at Share to Buy I felt it only right to introduce ourselves and how we work. My name is Matt Johnson and along with Daniel Mills, one of the partners at our firm, we head up the teams in the Shared Ownership department here at AJLO.
Part buy part rent in Basingstoke and Deane
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 Basingstoke and Deane 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 Basingstoke and Deane and across England.
Basingstoke and Deane is a borough in Hampshire with a population of around 168,600. The borough has some value for money leisure facilities such as the Basingstoke Aquadrome, Tadley Pool and the Basingstoke Golf Centre. There are rail links from Basingstoke and Deane direct to Waterloo London or direct to Victoria in less than an hour. The council transferred all of its housing stock to two housing associations and today, social housing in the borough is provided by in excess of 25 different housing associations. Due to property prices on the open market rising, ownership of a property is now beyond the means of a large portion of the population, hence the introduction of Shared Ownership in the borough.