Shared Ownership in Watford
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 Watford 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 Watford, use the search tool on the left hand side of the page or click here to go straight to search results in Watford. 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 Watford, 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 Watford
These are examples of properties that are currently available in Watford. Click here to search for all properties in Watford.
Full price £265,000minimum share £92,750 (35%)
Bridge Street, Pinner, London, London - West, HA5 3HZ
26 newly built one and two bedroom apartments just off Bridge Street in Pinner, Harrow. This listing features the one bedroom apartments.
Affordable housing scheme: shared ownership ('part buy part rent' on new homes).Check eligibility
5th October 2015
Shared Ownership Week is the largest event of its kind and will provide information to first time buyers on how shared ownership can help them purchase a brand new home that they could not afford to buy outright. The aim of the campaign is to give confidence to first time buyers, clear up any questions they might have and reassure them that it is possible to take that first step onto the property ladder.
24th September 2015
Our latest guest blog comes from Aldwyck - London's Help to Buy agents and sponsors of the London Home Show Autumn 2015
"We are the Government appointed Help to Buy agent for Equity Loans in London, and can help to guide you through the process"
Part buy part rent in Watford
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 Watford 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 Watford and across England.
Watford is a town and borough in the borough of Hertfordshire, and is located 17 miles north west of London, within the boundary of the M25. Watford is a major regional centre for the northern Home Counties. It is the most westerly of these commercial centres and the only one in Hertfordshire.
Its location just inside the M25 at junctions 19 and 20 and just off the M1 at junction 5 ensures Watford is easy to reach. Access from the M40 can also be swift via junction 16 of the M25.
Alternatively, Watford can be reached by tube on the Metropolitan Line and for destinations to the North or the South, via overground services into Watford Junction. The tube is a good choice for those wishing to visit Cassiobury Park, Watford Junction is closest to the Clarendon Road business district and Watford High Street station brings Watford’s Harlequin Shopping Centre within comfortable walking distance.
There are a number of new build developments in Watford, with shared ownership and Help to Buy properties available.