Shared Ownership in Oadby and Wigston
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 Oadby and Wigston 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 Oadby and Wigston, use the search tool on the left hand side of the page or click here to go straight to search results in Oadby and Wigston. 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 Oadby and Wigston, 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 Oadby and Wigston
These are examples of properties that are currently available in Oadby and Wigston. Click here to search for all properties in Oadby and Wigston.
Hamilton Gardens - 2 bed apartment in Leicester£58,625 (min. share 35%)
Contact Ashton to book 07580873053! Launching on Friday 22nd December 2017.
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 Oadby and Wigston
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 Oadby and Wigston 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 Oadby and Wigston and across England.
Oadby and Wigston lie on the southern outskirts of Leicester, between the city and the rolling South Leicestershire countryside.
Oadby today is a predominantly residential area for families. As is increasingly the case throughout Leicestershire, Oadby has a diverse population, ethnically and by religion. The academic success of Manor High School, Oadby and Beauchamp College makes Oadby an attractive location for families with children. Oadby has a reputation for being one of the most upmarket and affluent parts of Leicestershire. It is predominantly urban, and runs directly into Leicester, to the north-west. The town is most famous for Leicester Racecourse, situated on the border between Oadby and Stoneygate, and the University of Leicester Botanic Garden.
Wigston is located five miles south of Leicester, in central Leicestershire. It is centrally located in the East Midlands. Wigston is coupled with Oadby to the east, sharing the Oadby and Wigston borough council name. The two towns are connected by the B582 road. To the west along the B582, or Blaby Road is South Wigston town.
The Grand Union Canal runs from Wistow, south of Wigston, to nearby Kilby Bridge, and for several miles through South Wigston, Glen Parva, Blaby and on towards Leicester itself.
Commuters will find good transport links to the M1 motorway run north to Manchester and south to London. Close by Leicester provides a good railway service to all major cities across the UK.