Shared Ownership in North Hertfordshire
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 North Hertfordshire 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 North Hertfordshire, use the search tool on the left hand side of the page or click here to go straight to search results in North Hertfordshire. 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 North Hertfordshire, 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 North Hertfordshire
These are examples of properties that are currently available in North Hertfordshire. Click here to search for all properties in North Hertfordshire.
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 North Hertfordshire
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 North Hertfordshire 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 North Hertfordshire and across England.
Located less than 40 miles north from central London, North Hertfordshire is a predominantly rural district and contains interesting market towns and numerous picturesque villages and hamlets. It is an attractive area in which to live and work, and has a wide variety of attractions including museums and galleries; historic markets, parks and areas of natural beauty.
The towns offer a wide range of shopping facilities, combining high street names with traditional markets, interesting antique and craft centres and small speciality shops. Farmers' Markets are held regularly at Hitchin, Letchworth Garden City and Royston, selling a range of local produce.
The larger shopping centres of Stevenage, Luton, Welwyn Garden City and Watford are all within easy travelling distance of North Hertfordshire. In addition Milton Keynes, Cambridge, Lakeside and Bluewater are less than an hour by car.
The county has some of the principal roads in England: A1, A1(M), A5, A6, A41, M1, M11, and M25, so commuting from one of the mainly towns and villages is easily achievable. Those who prefer to let the train take the strain, the county is serviced by 3 principal national railway:
• The West Coast Main Line from London Euston through Watford Junction to the Midlands, north Wales, the North West and Glasgow;
• The East Coast Main Line from London Kings Cross through Stevenage to Yorkshire and Scotland
• The Midland Main Line from St Pancras via Elstree & Borehamwood and St. Albans to the East Midlands and Yorkshire
With a number of other regional and local rail routes also cross Hertfordshire:
• The Thameslink route which runs from Brighton through central London, Elstree & Borehamwood and St Albans
• The London to Aylesbury Line from London Marylebone via Rickmansworth
• The West Anglia Main Line from London Liverpool Street via Cheshunt to Cambridge
• The Abbey Line, a local line from Watford to St Albans Abbey
• The Cambridge Line, a branch of the East Coast line which runs via Royston and Letchworth to Cambridge
Hertfordshire has headquarters of many large well-known UK companies. Hemel Hempstead is home to DSG International. Tesco are based in Cheshunt. Welwyn Garden City hosts Roche UK's headquarters and Cereal Partners production facilities, Pure the DAB radio maker is based in Kings Langley. JD Wetherspoon is in Watford. Comet and Skanska are in Rickmansworth, GlaxoSmithKline has plants in Ware and Stevenage. Hatfield used to be connected with the aircraft industry, as it was where de Havilland developed the world's first commercial jet liner, the Comet. Now the site is a business park and new campus for the University of Hertfordshire. This major new employment site is home to, among others, EE, Computacenter and Ocado. A subsidiary of BAE Systems, EADS and Finmeccanica in Stevenage, MBDA, develops missiles. In the same town EADS Astrium produces satellites. The National Pharmacy Association (NPA), the trade association for all of the UK's community pharmacies, is based in St. Albans. Warner Bros. also owns and runs Warner Studios in Leavesden.