Part Buy Part Rent with Shared Ownership
What does shared ownership mean? Learn how you can part buy part rent a home with shared ownership
What does shared ownership mean? If you are a first time buyer, or you have owned a property before but no longer do so, you could be eligible to get your foot on the property ladder. Part buy part rent your home with shared ownership.
Are there shared ownership houses for sale near me? Let MovingSoon help you find your shared ownership part buy part rent home
MovingSoon have seen some incredible shared ownership properties in our time. Believe us when we say that shared ownership really does mean being able to part buy part rent a beautiful, hassle free home.
You may have heard about shared ownership, or part buy part rent, but perhaps you’re not quite sure how it all works?
Put simply, shared ownership means that you are buying a share of between 25-75% of a property. The remaining share will be owned by a housing association. Thus you are part buying part renting your home. Each month you pay a combination of mortgage and rent. You will have the option to purchase more of the property as your finances increase over time meaning you could eventually own the property outright.
Many people find that their combined mortgage and rent for their shared ownership property is less than the rent they are currently paying.
To be eligible to part buy part rent your own home your our combined household income must be less than £80,000 (in London, it’s less than £90,000). The shared ownership scheme is aimed at first time buyers, last time buyers called older people’s shared ownership as well as those who may have had a relationship breakdown looking to get their own place.
Many of the homes are purpose built new build properties. So there is no need for large renovation costs or repairs. You will honestly be pleasantly surprised by what is on offer.
Ready to start your search? What are you waiting for??! Click here to be stunned by the housing association shared ownership part buy part rent properties available.
If you would like a bit more info about the part buy part rent option before heading off, have a read below…
If you still need more information, take a look at our detailed ‘Shared Ownership: All you need to know’ page, we also have a dedicated Help section. If you can’t find what you are looking for get in touch and one of our helpful team members will be in touch.
Browse shared ownership by County
Shared Ownership in Bedfordshire
Shared Ownership in Berkshire
Shared Ownership in Bristol
Shared Ownership in Buckinghamshire
Shared Ownership in Cambridgeshire
Shared Ownership in Cheshire East
Shared Ownership in Cheshire West
Shared Ownership in Cornwall
Shared Ownership in County Durham
Shared Ownership in Cumbria
Shared Ownership in Derbyshire
Shared Ownership in Devon
Shared Ownership in Dorset
Shared Ownership in East Riding of Yorkshire
Shared Ownership in East Sussex
Shared Ownership in Essex
Shared Ownership in Gloucestershire
Shared Ownership in Greater London
Shared Ownership in Greater Manchester
Shared Ownership in Hampshire
Shared Ownership in Herefordshire
Shared Ownership in Hertfordshire
Shared Ownership in Isle of Wight
Shared Ownership in Isles of Scilly
Shared Ownership in Kent
Shared Ownership in Lancashire
Shared Ownership in Leicestershire
Shared Ownership in Lincolnshire
Shared Ownership in Merseyside
Shared Ownership in Norfolk
Shared Ownership in North Somerset
Shared Ownership in North Yorkshire
Shared Ownership in Northamptonshire
Shared Ownership in Northumberland
Shared Ownership in Nottinghamshire
Shared Ownership in Oxfordshire
Shared Ownership in Rutland
Shared Ownership in Shropshire
Shared Ownership in Somerset
Shared Ownership in South Gloucestershire
Shared Ownership in South Yorkshire
Shared Ownership in Staffordshire
Shared Ownership in Suffolk
Shared Ownership in Surrey
Shared Ownership in Tyne and Wear
Shared Ownership in Warwickshire
Shared Ownership in West Midlands
Shared Ownership in West Sussex
Shared Ownership in West Yorkshire
Shared Ownership in Wiltshire
Shared Ownership in Worcestershire
Browse frequently asked questions about shared ownership
1. What does shared ownership mean?
It’s where you part buy part rent your home. Find out more about how shared ownership works on our blog.
2. Who qualifies for shared ownership?
Typically your our combined household income must be less than £80,000 (in London, it’s less than £90,000). You can find out more about how you buy a shared ownership property on our blog.
3. Are shared ownership properties leasehold?
If you own less than 100% then it will be a leasehold shared ownership property. Find out more about shared ownership leasehold or freehold on our blog.
4. Can shared ownership be freehold?
It will depend on the housing association. Find out more about shared ownership leasehold or freehold on our blog.
5. What shared ownership can I afford?
It will depend on your affordability criteria. Find out more about how a shared ownership mortgage works on our blog.
6. What is a shared ownership mortgage?
We have explained more about how a shared ownership mortgage works on our blog.
7. What is shared ownership resale?
It’s when you sell an existing shared ownership home. You can find out more about how you buy a shared ownership resale property on our blog.
8. Shared ownership pros and cons, what are they?
You can find out the pros and cons of shared ownership vs renting on our blog.
9. Is shared ownership a good idea?
Shared ownership is a great opportunity to get on the housing ladder. You can find out more about buying a shared ownership property and whether it’s a good idea on our blog.
10. Is shared ownership good or bad?
You can find out more about shared ownership vs renting on our blog.
11. Where can I find shared ownership houses for sale near me?
You can search for shared ownership properties by scrolling up to the top of this page.
12. What are the solicitors fees for buying or selling shared ownership?
You can get a quote to find out how much shared ownership solicitors can cost.
13. Where can I get a shared ownership mortgage?
There are many banks and building societies that offer shared ownership mortgages. You can find out more about how a shared ownership mortgage works on our blog.
14. Will I get a shared ownership mortgage if I have a bad credit history?
It will depend on your affordability. You can find out more about getting a shared ownership mortgage with bad credit on our blog.
15. Where can I apply for shared ownership?
You can start your search on our website and apply for shared ownership properties.
16. What are the rules and eligibility for shared ownership?
Find out about the rules and eligibility for buying shared ownership on our blog.
17. What is shared ownership staircasing and how does it work?
Find out more about how shared ownership staircasing works on our blog.
18. Can you view a shared ownership property via skype or facetime?
This will depend on the housing provider. You can find out more about some organisations who are doing property viewings via skype on our blog.
19. What is right to buy shared ownership?
This was a new initiative announced by the government. You can read more about what right to buy shared ownership is on our blog.
20. How do you sell a shared ownership home?
Find out more about selling your shared ownership home on our blog.