Shared Ownership in Doncaster
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 Doncaster 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 Doncaster, use the search tool on the left hand side of the page or click here to go straight to search results in Doncaster. 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 Doncaster, 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.
14th August 2017
Our latest Solicitor Blog comes from Alexander JLO Solicitors, and talks first time buyers through the steps to take after you have found a property you are interested in buying...
31st July 2017
The London Home Show Autumn 2017 takes place on the 23rd September at the QEIIC, Westminster from 11am – 5pm. The event, supported by the Mayor of London, is the No.1 event for first time buyers in London.
Part buy part rent in Doncaster
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 Doncaster 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 Doncaster and across England.
Doncaster is an historic market town, with a rich horseracing and railway heritage, ancient villages and towns such as Conisbrough and Tickhill, which have Norman castles.
Doncaster sits at the heart of the largest metropolitan borough in the country yet remains essentially rural, consisting of green open spaces and nature reserves.
Doncaster also has many attractions for the young and the young at heart. For family fun, Hatfield Water Park offers excellent water sports facilities. Close to the town centre is one of the UK's top sports & leisure attractions featuring a 7 pool water world; The Ice Caps split-level ice rink, an indoor climbing wall and health and fitness facilities. A multi-screen cinema complex, The Doncaster Bowl and a wide range of child-friendly restaurants and bars make Lakeside a very popular family destination.