Shared Ownership in Fareham
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 Fareham 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 Fareham, use the search tool on the left hand side of the page or click here to go straight to search results in Fareham. 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 Fareham, 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 Fareham
These are examples of properties that are currently available in Fareham. Click here to search for all properties in Fareham.
3rd February 2016
London Mayor Boris Johnson has just announced the capital's first boiler replacement scheme. The London Boiler Cashback Scheme – launched on 2 February 2016 - is providing 6,500 of the capital's home owners and accredited private landlords each with £400 cashback when they replace an old, inefficient boiler.
Part buy part rent in Fareham
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 Fareham 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 Fareham and across England.
Fareham is a market town in south east Hampshire and can be found between the two major cities of Portsmouth and Southampton. It has an approximate population on 97,504. Fareham is well served by major roads and railway networks with the M27 running around the northern edge. It provides easy access to London via the M3. An array of local amenities includes museums, castle, shopping, cinemas and nightclubs. The New Forest is easily accessed and provides miles of unspoilt heathland to explore as well as the famous New Forest wild ponies.