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.
1 bed apartment in Coventry£57,500 (min. share 50%)
13th July 2017
Our latest Solicitor Blog comes from Andrew Theoff, Partner at Shared Ownership Solictors Direction Law. Andrew explain why you will need to use a specialist legal firm with experience in Shared Ownership when you are ready to make a purchase.
3rd July 2017
Read our latest Guest Blog from Humphreys & Co. Solicitors. In this blog, Humphreys & Co. break down the legal process involved in purchasing a Shared Ownership property into 3 steps.
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.