Shared Ownership Properties.
Shared ownership properties are mostly found on new build
developments in partnership with housing associations
Developments often have the choice of one and two bedroom flats along with three and four bedroom houses.
The UK slow down and rescission had an impact on the availability of new build properties and knock on effect
to the availability of shared ownership homes.
The economy has shown signs of improvement and housing market appears to be gathering pace with some estate agents
reporting shortage of certain properties and house prices are reported to be rising.
This could herald the start of more house building and much needed affordable housing,
However it is reported we will still fall short of government house building targets leaving many would be home buyers
frustrated and trapped in high priced rental property longing for the day to get the keys to a home they could own.
This method of part buy part rent can offer home buyers more chance of securing a mortgage as they only need to buy a
small percentage of the property now and rent the rest at an agreed amount.
Shared ownership properties have proven popular if you are able to find one and with all things new will pay a premium
price for being the first owner, compared to buying a resale property.
Details also available on this website for the following.
- Government Supported - The Help to Buy Scheme
- Private Sector - Rent to Buy and Easy Home Buyer Scheme.
Register free today on the contact page