Shared Ownership in Warwickshire
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 Warwickshire 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 Warwickshire, use the search tool on the left hand side of the page or click here to go straight to search results in Warwickshire. 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 Warwickshire, 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 Warwickshire
These are examples of properties that are currently available in Warwickshire. Click here to search for all properties in Warwickshire.
Full price £85,000minimum share £38,250 (45%)
7 Ownall Road, Shard End, Birmingham, West Midlands, B34 7AH
Affinity Sutton is delighted to offer this two bedroom, first floor apartment on a part buy / part rent basis from just £38,250 in Birmingham.
Affordable housing scheme: resales ('part buy part rent' on 2nd hand homes).Check eligibility
26th November 2015
A contemporary collection of shared ownership homes in Berkshire are coming soon.
The Sibly Park development of part-buy homes in Berkshire, RG6 includes 5 x 2 bedroom houses alongside 2 x 1 bedroom apartments, all available on the shared ownership scheme. Eligibility criteria will apply, priority will be given to those who live or work in the Wokingham Borough. An interesting fact; this postcode was voted in the UK's top 5 most desirable postcodes last year. Follow the link to show your interest in these shared ownership properties in Wokingham, RG6.
Click here to begin your search for a shared ownership property in Berkshire or any area.
23rd November 2015
Anton recently purchased an apartment in Surrey Quays with L&Q. Read about how Shared Ownership is helping him acheive his dreams.
Part buy part rent in Warwickshire
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 Warwickshire 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 Warwickshire and across England.
Warwickshire is a county in the West Midlands region of England. It’s county town is Warwick, although the largest town is Nuneaton. The county is perhaps most famous for being the birthplace of William Shakespeare. Warwickshire boasts some delightful attractions such as Warwick Castle, or Kenilworth Castle the most spectacular castle ruin in Warwickshire. Also set in the beautiful Warwickshire countryside, Hatton Farm Village offers fun for the whole family.