Shared Ownership in Essex
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 Essex 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 Essex, use the search tool on the left hand side of the page or click here to go straight to search results in Essex. 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 Essex, 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 Essex
These are examples of properties that are currently available in Essex. Click here to search for all properties in Essex.
2 bed house in Chelmsford£65,000 (min. share 25%)
12th August 2016
Intermediate rent, also known as IMR is an affordable housing scheme for those who are unable to afford a suitable home to meet their housing needs on the open market. Eligibility criteria will apply. To find out more about this property for Intermediate Rent in Southampton click the following link to view more information and if you feel you may be eligible to apply, follow the links to contact the housing provider. Two bedroom flat for intermediate rent in Southampton, SO16 Be quick to show your interest, as IMR properties in Southampton are of limited availability.
Click here to begin your search for a intermediate rent properties in the south of England or any area.
10th August 2016
Are you looking for home ownership in Kent? We have brand new Shared Ownership houses in Chatham , ME4 added to our Shared Ownership property portal this month. The Skylark Waters development is a selection of 3 bedroom houses & 2 bedroom houses available to part-buy on St Mary's Island, Chatham. Why not take a look at the 2 bed houses & 3 bed houses in Kent, taking note of the eligibility critieria on display. If you feel you may be eligible, show your interest now by contacting the housing provider. You could potentially take your first step onto the housing ladder with one of these affordable homes in Kent.
Click here to begin your search for a shared ownership property in Kent or any area.
Part buy part rent in Essex
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 Essex 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 Essex and across England.
Essex is a county in the South East of England, and is one of the counties that make up the Home Counties. The county town of Essex is Chelmsford.
The districts that make up Essex are Harlow, Epping Forest, Brentwood, Basildon, Castle Point, Rochford, Maldon, Chelmsford, Uttlesford, Braintree, Colchester, Tendring, Thurrock and Southend on Sea.
Large parts of the county which are closest to London are part of the Metropolitan Green Belt, which prohibits urban development in its green spaces. It is the location of the regionally significant Lakeside Shopping Centre and London Stansted Airport; and the new towns of Basildon and Harlow.
Essex is well connected via rail to London, with several services arriving into London Liverpool Street. The area is also well served by motorways and has two international airports, Stanstead and Southend.
There are a number of new build developments in Essex, with shared ownership and Help to Buy properties available.