Shared Ownership Properties | Part Buy Part Rent Your Home
How Shared Ownership can help you buy your first home
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.
Let MovingSoon help you find your shared ownership 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 buy 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. 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.
The eligibility for shared ownership varies in countries in the UK. Your combined household income must be less than £80,000 (in London, it’s less than £90,000). Generally, it is for first-time buyers or those who used to own a home but can’t afford one now.
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 shared ownership properties available.
If you would like a bit more info 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.