The Property Pod
The Property Pod speaks to experts across the industry, who help to demystify Shared Ownership, mortgages, finances and staircasing, and sit down with real people who have found their first homes through the scheme.
Shared Ownership is the scheme that helps first-time buyers get on the property ladder. Every year, we dedicate a week to raise awareness about the scheme and take you on the journey with first time buyers looking to buy a share of their own home.
Join us at the London Home Show by Share to Buy in September to help you on all things affordable home buying. Register your interest today.
The Property Pod speaks to experts across the industry, who help to demystify Shared Ownership, mortgages, finances and staircasing, and sit down with real people who have found their first homes through the scheme.
Learn more about Shared Ownership and its impact on people and the industry by reading some of our real-life stories or latest news articles.
Discover real life stories of how people have fast-tracked the games and got two feet on the property ladder.
Buying your first home isn’t just about bricks, mortar and stylish interiors. It’s also about feeling part of your community, from finding your new local to meeting up with your neighbours. That is exactly what awaited Daisy at The Moorings from Legal & General Affordable Homes, where she found a brilliant place to live, all
For many first-time buyers, the journey to owning their first home is not a smooth one. But that couldn’t be further from the truth for first-time buyer Charlotte, who described finding her dream home as an “easy and quick” experience with Legal & General Affordable Homes. And that’s just one of the ways Shared Ownership
As a home-buying newbie, your mind is probably racing with various questions about the process. For starters, what does Shared Ownership even mean? Don’t panic – we might have the answers you need.
Shared Ownership is a house buying scheme that allows individuals to purchase a portion of a property while renting the remaining share.
It provides an accessible path to homeownership, especially for first-time home buyers. Over time, buyers can increase their ownership share, potentially owning the entire property.
Explore Shared Ownership further or begin your property search.
Shared Ownership offers a unique opportunity for first-time buyers to acquire a stake in either a new build house or flat, or a resale property. Here’s how it works:
Explore Shared Ownership further or begin your property search.
Shared Ownership provides some of the very best new build properties in the market today.
You have a choice to either buy a new build house or apartment, or you can buy what is called a ‘resales’ unit from an existing homeowner, who is looking to sell their home through the housing association that they originally bought it from.
Explore Shared Ownership further or begin your property search.
You can buy more shares in your property through what is called staircasing. Start by buying 10% increments with the theory that one day you can have 100% ownership of your home.
Explore Shared Ownership further or begin your property search.
Staircasing is the term used to buy more shares in your shared ownership property.
You can buy an additional percentage of your property at any point. Normally the minimum extra percentage you can buy is 10% at a time.
Most people try to buy them in larger chunks as there are fees that you have to pay each time, so it can become quite expensive if you buy smaller percentages at a time. When you have staircased to 100% you will no longer have to pay any rent to the housing association.
For more detailed information read ‘what is staircasing‘.
Housing associations build shared ownership properties to address the pressing need for affordable housing options, particularly for individuals and families who may struggle to purchase a home on the open market due to financial constraints.
By offering shared ownership schemes, housing associations can provide an alternative pathway to homeownership, enabling more people to access secure and stable housing.
These properties are typically new builds:
Reselling homes within the shared ownership scheme is an integral part of the process:
Shared ownership mortgages offer a unique pathway to owning a home. Here’s a straightforward breakdown:
Now, onto the types of shared ownership mortgages: