Shared Ownership

Shared Ownership launches at L&Q’s The Rushgroves​

The Rushgroves by L&Q

New development The Rushgroves by L&Q is set to launch its first Shared Ownership properties on Saturday 27th October in Hendon, North London.

A collection of 55 properties ranging from studios to two-bedroom apartments will be released in the first phase of Shared Ownership, with prices starting from £73,125 for a 25% share.

Further Shared Ownership homes, also incorporating larger three-bedroom apartments, are anticipated to be released during later phases of development.

How LPG is helping to build affordable housing 

Flogas laying LPG takes underground for affordable housing

With an ongoing governmental drive to significantly boost housing development and the precarious nature of Brexit delivering industrywide uncertainty regarding labour and costs, providing affordable housing in the UK is an issue that appears to be consistently debated and discussed. 

Positive initiatives and efficient processes are needed to help the sector deliver the number of homes that Brits can pay for — which is where LPG energy is proving an attractive asset. Here, we’ll explore how LPG is assisting in the provision of affordable housing for UK buyers and why it’s vital that the sector and government gets behind it if they want to hit targets and meet housing demands. 

The shared ownership options are open for over 55s

Older Persons Shared Ownership - couple jumping for joy on a bed

Editor Victoria Galligan looks at spending the grey pound on a new-build property – but is shared ownership suitable if you’re heading towards retirement? And what should over 55s look for in a property?

 

So you’re over 55 and looking into shared ownership – and why not? Many people are working into their 70s nowadays and whether it’s a change in circumstances, moving out of a rental property or a move to be closer to family, there are a plethora of reasons why you may be looking for your next home.

Help to Buy South

Help to Buy South home

Help to Buy South is the Government appointed agent for Help to Buy Schemes in Hampshire and Isle of Wight, Berkshire, Oxfordshire, Gloucestershire, Wiltshire, Bristol, North Somerset and Mendip. Help to Buy South are the point of contact for first-time & next-time buyers wanting to move home in an affordable way. 

The schemes include Shared Ownership and Help to Buy Equity Loan. 

The Help to Buy Equity Loan scheme enables you to buy a new build property with a 5% deposit and borrow up to 20% of the value of the home in the form of an interest free* equity loan from the government. You will then need to raise a 75% mortgage to cover the remaining cost of the home.

'Government and the housing sector fall short on educating shared ownership buyers'

A typical shared ownership property for sale

A new YouGov survey, commissioned by housing association Aster Group, found that the government is falling short at educating people about shared ownership.

The study of more than 200 shared ownership homeowners in the UK discovered that only 14% had received information from the UK government website on the scheme.

Consequently, the report discovered a lack of awareness and understanding among respondents about how it works and the options available.

More than half (52%) didn’t know that they could move from their existing home into another shared ownership property. Only 10% had successfully grown their equity stakes and just over a quarter (27%) knew they could move into another shared ownership property – yet didn’t know the process for doing this. 

It's love at first sight for home buyers

Anna and Nathan, with their baby, went on many a house viewing  but fell in love at first sight with a Countryside home

With one in two UK homeowners partaking in just one house viewing before making an offer, home builder Countryside has teamed up with relationship expert, John Donlon, to uncover just what makes us lead with our hearts when it comes to buying a new home.

According to a recent survey by Countryside, it took just one house viewing for 53%* of homeowners before purchasing their home, describing the experience as ‘love at first sight’. An additional 25% stated that only a second house viewing was needed before making a final decision. 

Kingsbrook Development Proving Popular With A Range Of Homebuyers

Kingsbrook Development

The first village at Kingsbrook, Oakfield Village, follows garden village principles and homebuyers are encouraged to reserve their home quickly as Barratt Homes is now 90% sold and David Wilson Homes has sold 60% of its properties on the first village,

Glenn Copper, Sales Director at David Wilson Homes North Thames, said: “We are delighted to see so many Buckinghamshire house hunters already purchasing their dream home at Kingsbrook. This is a fantastic development and an amazing community is being formed between residents already.

“We have homes to suit the needs of a range of buyers, particularly large and growing families and with moving schemes such as Movemaker and Help to Buy available, it’s no wonder so many people are choosing to move home with us.”

Last chance to snap up a downsizer bargain in the UK’s most coveted retirement hotspot, Christchurch

Monterey Christchurch

Picturesque Christchurch in Dorset, long a favourite downsizer hotspot for older people, has been crowned the most expensive destination in the South West per square foot*.

A sum of £227,000 – equivalent to the average UK property value – buys only 687 sq. ft. of space in the coastal town, making it pricier than the prestigious historic town of Bath and only a little less costly than Bristol**.

Retirement provider Platinum Skies’ Monterey development has aimed to make living in Christchurch more affordable for retirees. However, only four of Monterey’s 35 apartments now remain.

Find The Solution At Centurion Place

Find The Solution At Centurion Place

Barratt Homes North Thames is offering a range of moving solutions at its Centurion Place development in Milton Keynes to help potential homebuyers move into their dream home.

Moving home can be a stressful time for many but with the variety of initiatives available, Barratt Homes can assist homebuyers with a smooth move. 

Glenn Copper, Sales Director at Barratt Homes North Thames, said, “As a five-star housebuilder, we want to make moving home as easy as possible for our customers. That is why we offer such a selection of moving solutions that will help ease the stress often associated with moving.

Step Forward Homes reports rising demand for affordable homes from veterans and 999 workers 

Step Forward Homes support shared ownership for NHS workers

The NHS pay rise that unions agreed earlier this year catapulted the issue of affordable housing for emergency workers into the spotlight once more. The rise of at least 6.5% over three years is unlikely to keep up with inflation, meaning that nurses, porters and paramedics will continue to face issues when it comes to affording property.

Why you should take that first step onto the property ladder...

Mark Homer of Progressive Property on when to get on the property ladder

Mark Homer, co-founder of Progressive Property, explains why people thinking of stepping onto the property ladder should try to get there sooner rather than later…

Why is Help To Buy a good option for first-time buyers who want to get onto the property ladder?

Help To Buy is a great option for many first time buyers as it allows them to purchase a house or a flat, often new and with a warranty. The homes are usually complete with flooring and almost everything needed to move in (bar furniture) and you can get this in some cases with a 5% deposit. This usually means that first-time buyers need to save for much less time, therefore getting on the housing market earlier and allowing them to build equity.

Demand is flying high at Rutherford Fields

Rutherford Fields

Since its initial launch at the end of February, the homes at Rutherford Fields have been proving to be a real hit for first time buyers, young professionals and families alike.

So far 80% of the first phase has been reserved with first time buyers from the local area snapping up a number of the Shared Ownership properties on offer.

Rutherford Fields, on the base of the former RAF Stanbridge, near Leighton Buzzard, Bedfordshire offers something for everyone, from one and two bedroom apartments to houses with two, three and four bedrooms. With a range of properties available through Private Sale, affordable rent and Shared Ownership, there is something to suit every lifestyle. 

Gen Z In The Market For New Build Homes

Gen Z In The Market For New Build Homes

Generation Z is putting homes above holidays with two thirds of renters under 24 already saving to secure their first home, according to a recent survey* by home builder Countryside.

Last month, Countryside surveyed the nation’s house hunters and found 92% of 18 to 24 year-olds want to use Help to Buy ahead of the 2021 deadline, with 66% already saving for a home deposit.

When asked who they intended on buying a property with, one third of Generation Z savers revealed that they hoped to one day secure a mortgage as a single buyer.

NU living - New Homes In East London

NU living - New Homes In East London

NU Living, a leading developer part of the Swan Association, specialises in offering accessible homes off-plan through private sale in the East of London. They offer a selection of off-plan developments that might be of interest to you for a property/homes interest news feature.

The Paragon, Ilford

The Paragon is an example of contemporary city living in Ilford, with the local area set to benefit from generous funding for regeneration. Situated on the Central line, residents will have quick access to central London and beyond. The high spec development which consists of 105 1 and 2 bedroom shared ownership apartments that will open-plan living spaces with a variety benefits including large windows, high ceilings and stunning views across London.

New show home opens at So Resi Wokingham

Resi

Growing families looking for a spacious new house in Wokingham, available to buy with shared ownership, should make a beeline for So Resi Wokingham where So Resi – Thames Valley Housing’s shared ownership brand - has recently opened a superb four-bedroom show home.

The show home highlights the impressive quality of these three and four-bedroom semi-detached houses, which offer exceptional value; prices for a four-bedroom house start from just £148,125 for a 25% per cent share (full market value £592,500).

Esaiyas Mollallegn, head of marketing at Thames Valley Housing, comments:

How Shared Ownership is Full of Possibilities

How Shared Ownership is Full of Possibilities

Owning a Zone 2 Home by The Age of 25, How Shared Ownership is Full of Possibilities. The rapid increase of house prices and stagnating wages have meant that UK millennials have struggled to get on onto the property ladder. According to a recent study conducted by HSBC, only 31 per cent of young people surveyed said there were able to purchase a home[1]. There are however a number of alternatives open to First Time Buyers, such as the Shared Ownership scheme, meaning that, more young adults are able to consider buying a property. Such a case is Events Manager, Ellie Wyburd, who purchased a new build two-bedroom flat at Woods Road, Peckham, a Shared Ownership development by Hyde New Homes.

L&Q Launches Shared Ownership Quarter in London’s Most Affordable Borough

Shared Ownership

Over 200 of the most affordable homes in London are being delivered in Barking, as part of on-going regeneration in the area. The 221 shared ownership homes at Weavers Quarter in Barking are the first of some 1575 new homes that will be available on the site of the former Gascoigne Estate, which is being transformed into a stunning new development complete with two schools, new high quality public open space and a new community centre.

 

The first phase of Shared Ownership homes comprises 50 one, two and three-bedroom apartments and duplexes, launched recently, are available to those who live or work in the borough of Barking and Dagenham, recently listed as one of the most affordable boroughs in London*.

Help to Buy hits high notes across the nation

Help to Buy hits high notes across the nation

In March 2013, the government launched its Help to Buy initiative to open the door to affordable home ownership for people right across the nation. 

Help to Buy is a scheme that is transforming the housing sector, as people priced out of the open market are being given the opportunity to pick up the keys to their very own home. 

The scheme offers buyers a five per cent deposit - half as much as the traditional 10% - meaning people stuck in the rental rat run are finally able to put enough money aside to get the ball rolling. 

Affordable home ownership: Take the Plunge

Affordable home ownership: Take the Plunge

The journey to home ownership is undoubtedly a daunting one, but compared to popular adrenaline thrills such as bungee jumping or sky-diving, it really is just a walk in the park. Homefocus writer Jeffrey Gritzman takes a look at how scary owning your own home really is.

Bungee jumping…now that takes courage

Young people are funny; it’s amazing how many of them have been back-packing which takes organisation and confidence, or horse riding which takes skill and courage, some have even been bungee jumping where you place your heart in your mouth and keep it there till the bouncing is over. Tell someone you’re thinking about a bungee jump and they’ll likely tell you that they, or a good friend of theirs has done it too. So no big deal then?

Government acts to create a "cheaper, faster, and less stressful" home buying process

Government acts to create a "cheaper, faster, and less stressful" home buying process

A new drive to make buying a home a "cheaper, faster and less stressful process" has been announced as a leading politician calls for more to be done to plug Britain's housing gap. 

Communities secretary Sajid Javid is calling on the government to strengthen its commitment to housing by borrowing money to build the hundreds of thousands of new homes needed across the UK. 

Mr Javid's call coincides with the announcement of an eight-week housing review, which aims to work with industry experts, including estate agents, solicitors, and mortgage lenders to make the home buying process more accessible and affordable.

Key home buying issues include:

Shared Ownership was ‘so easy’ for Tooting resident

Shared Ownership was ‘so easy’ for Tooting resident

Two years ago, Aveen Kelly, 32, was given the opportunity to learn more about how Shared Ownership works, a result of her employer Wandsworth Council’s efforts to encourage buyers in the community to consider the scheme.

Armed with her knowledge of Shared Ownership - which enables first-time buyers priced out of the open market to purchase a share of a property and pay rent on the remaining share - she discovered XVII, a new Shared Ownership development in Tooting, South London, comprising one and two-bedroom homes. 

 

Aveen wasted no time in contacting Thames Valley Housing, as the homes were close to where she was renting with friends.

Hatchwood Mill, Winnersh

Hatchwood Mill, Winnersh

Share value: 40% (£175,000)
Full price: £437,500

 

·         Setting new standards for affordable housing in terms of location, high quality design and a superior specification, a new collection of superb new homes in Winnersh, Berkshire is available to buy through Shared Ownership with Thames Valley Housing

·         The attractive two, three and four-bedroom houses are built in hues of traditional red brick, complemented by either a red or black tiled roof; some of the elevations to the larger homes’ are punctuated with pretty tile-hanging and bay windows.

Shared Ownership was the answer for Battersea first-time buyer

Shared Ownership was the answer for Battersea first-time buyer

In 2012, Adel Whitworth, 33, was left disappointed when her first attempts to make it onto the property ladder in Tooting Broadway fell through. However, she plucked up the courage to try again when she discovered Shared Ownership, a scheme which enables first-time buyers typically priced out of the open market to buy a share of a property and pay rent on the remaining share.

Intrigued and hopeful, Adel filled out an application for the Shared Ownership homes at Battersea Bridge Road, offered for sale by Thames Valley Housing.

 

Open day set to give Midlands buyers glimpse of popular development

Find out more about Grand Union Housing Group at their open day

House-hunters in the Midlands are taking up the opportunity to have a sneak peek at a popular new development. 

Grand Union Housing Group is holding an open day on Saturday 8th April at its Church Close development at Braybrooke, in Northamptonshire. 

Visitors can take a look around a brand new property at the popular site, near Market Harborough. 

The three-bedroom properties are available on the shared ownership scheme, so cost as little as £62,500 for a 25% share. 

Shared ownership is an affordable housing scheme where buyers purchase between 25% and 75% of a home, and pay a subsidised rent in the rest of the property.