Shared Ownership in Stevenage
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 Stevenage 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 Stevenage, use the search tool on the left hand side of the page or click here to go straight to search results in Stevenage. 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 Stevenage, 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 Stevenage
These are examples of properties that are currently available in Stevenage. Click here to search for all properties in Stevenage.
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 Stevenage
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 Stevenage 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 Stevenage and across England.
Stevenage is a town and borough in Hertfordshire, England. It is situated to the east of junctions 7 and 8 of the A1 motorway, and is between Letchworth Garden City to the north, and Welwyn Garden City to the south. Stevenage is roughly 30 miles north of central London. Stevenage lies near the line of the Roman road from Verulamium to Baldock. Some Romano-British remains were discovered during the building of the New Town, and a hoard of 2,000 silver Roman coins was discovered in 1986 during new house building in the Chells Manor area. The most substantial evidence of activity from Roman times is Six Hills, six tumuli by the side of the old Great North Road - presumably the burial places of a local family. At least three other public houses are worth mentioning, for they have a direct relationship to local history: the name of the pub "Edward the Confessor" (closed 2006) could have a connection to the time in which the St Mary Church in nearby Walkern was built, for King Edward ruled from 1042 until his death in 1066. Walkern's village church dates from this time. The second pub with a strong bond to local history seems to be the "Our Mutual Friend" in Broadwater, for the name of the pub is the title of a novel by Charles Dickens. Dickens was at some occasion guest to Sir Edward Bulwer-Lytton in nearby Knebworth House, and for that reason he knew Stevenage very well. The Pied Piper in Broadwater is the only public house in the world to be opened by Her Majesty Queen Elizabeth II. Also close to Stevenage is Knebworth House, a gothic stately home and venue of globally well-known rock concerts since 1974. The house was once home to Sir Edward Bulwer-Lytton, Victorian English novelist and spiritualist, who, as reported by one of his visitors, was so deep in the belief of spiritual realities that he sometimes thought himself to be invisible while others were around. A distinctive feature of Stevenage is its urban landscape. It has many roundabouts, few traffic lights, a network of completely segregated cycle tracks, and some of the tallest street lights in Britain. Stevenage is served by the A1(M) motorway, taking traffic both north and south. It is also served by the smaller A602 road taking traffic southeast, meeting the A10 road at Ware. The town is served by Stevenage railway station, a busy stop on the East Coast Main Line. As such regular trains to London, Cambridge, Peterborough, and points north are available.