Shared Ownership in Canterbury
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 Canterbury 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 Canterbury, use the search tool on the left hand side of the page or click here to go straight to search results in Canterbury. 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 Canterbury, 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 Canterbury
These are examples of properties that are currently available in Canterbury. Click here to search for all properties in Canterbury.
Chantry Place - 2 bed apartment in Canterbury£89,250 (min. share 35%)
20th November 2017
Is saving for a deposit holding you back from moving in to your own home? Saving money can be hard, but with these ten money saving apps available at your fingertips, you’ll soon discover how to put away the pennies and you’ll be ready to move in no time.
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.
Part buy part rent in Canterbury
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 Canterbury 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 Canterbury and across England.
Canterbury is located in east Kent, about 55 miles east-southeast of London. It is an historic English cathedral city, which lies at the heart of the City of Canterbury lying on the River Stour. The coastal towns of Herne Bay and Whitstable are 6 miles to the north, and Faversham is 8 miles to the northwest. Nearby villages include Rough Common, Sturry and Tyler Hill. The civil parish of Thanington Without is to the southwest; the rest of the city is unparished. Harbledown, Wincheap and Hales Place are suburbs of the city. Parts of the city have been designated a UNESCO World Heritage Site. Many historical structures remain, including a city wall founded in Roman times and rebuilt in the 14th century, the ruins of St Augustine's Abbey and a Norman castle, and perhaps the oldest school in England, The King's School. Canterbury Cathedral is one of the most famous religious structures in the world.It is a popular tourist destination: consistently one of the most-visited cities in the United Kingdom, the city's economy is heavily reliant upon tourism. There is also a substantial student population, brought about by the presence of three universities. Canterbury is, however, a relatively small city, when compared with other British cities. Canterbury is by-passed by the A2 London to Dover Road. It is about 45 miles from the M25 London orbital motorway, and 61 miles from central London. The other main road through Canterbury is the A28 from Ashford to Ramsgate and Margate. The hourly National Express coach service to and from Victoria Coach Station, which leaves from main bus station, is typically scheduled to take two hours. Canterbury has two railway stations, Canterbury West and Canterbury East. Canterbury West is served by high speed (56 minutes) trains to London St. Pancras, slower stopping services to London Charing Cross and London Victoria as well as by trains to Ramsgate and Margate. Canterbury East, the more central of the two stations, goes to London Victoria (journey time around 88 minutes) and continue to Dover.