Shared ownership is another way to buy your own home. With Shared Ownership you only need to pay a mortgage and find a deposit for the share of the property that you purchase. Housing Associations, with funding from the government via the Housing Corporation, introduced Shared Ownership schemes to help people to take steps towards full owner occupation. Available through Shared Ownership, these new homes offer the opportunity to achieve homeownership and enjoy contemporary living in a desirable location. You can initially purchase up to 75%* of your chosen home and heyl… Some housing associations will also specialise in certain types of accommodation. Shared Ownership mortgages are hard to understand. ... Set within 10 acres of open space, with stunning views across the Medway and inland towards historic Rochester Castle and Rochester Cathedral, Rochester Riverside provides more than just a great place to live. You buy a percentage, and pay rent on the rest. Shared ownership. Buying a percentage means a smaller deposit and smaller mortgage. Our stylish £11.3m Extra Care scheme at Horsted Park in Medway features 63 one and two bed apartments available through rent or Shared Ownership. Shared ownership is also ideal for those who need to up-size as it typically allows you to buy a bigger property than you otherwise may be able to afford. These are sold by an Affordable Housing Provider (housing association) by the Help to Buy Agent. Shared ownership… You can buy a share of your selected home from 25%–80% and pay a subsidised rent on the remaining share. Housing associations are private, non-profit organisations that provide homes at affordable rents and build new homes. Available through Shared Ownership, these homes offer the opportunity to achieve homeownership and enjoy village life in a desirable rural location. All you need to do is sign up to Share to Buy and register to receive alerts. It takes all sorts to make Medway what it is; this district in Kent is a mixture of several towns and villages of all shapes and sizes, all distinctive and unique. L&Q is proud to introduce Capstone Green, a new development consisting of Shared Ownership homes in the Medway district of Kent. ... 1 bed flat for sale Medway wharf road Tonbridge . £85,000 . Register with Share to Buy to enquire about homes, save your search, register for alerts, receive our newsletter and more! Shared Ownership (new) Rochester Riverside. Ownership type No preference. We recommend you have around £4,000 in savings to cover the costs involved in buying a new home and moving into it. - Affordable Shared Ownership homes in Sussex – Amazing build quality and excellent choice ... Rogallo Place at Horsted Park, Medway. Shared ownership is an exciting method of purchasing a property but there are unusual aspects to a shared ownership lease. You must not currently own a property and have a total household income of £80,000 or less. Sold with a fully inclusive specification, parking and access to on site facilities including a gym and WIFI lounge. Find new homes for sale in Medway with Zoopla. In 2020 it could be even easier to move into a Keepmoat home. Shared ownership is another way to buy your own home. Read more. Find the best offers for your search shared ownership chatham. For those who enjoy the simple things in life, there’s nothing better. Shared ownership offers an affordable route onto the property ladder. These are sold by an Affordable Housing Provider (housing association) by the Help to Buy Agent. We will explain in plain English the issues of staircasing (buying a further share in the property), the rent review clause, and the clauses regarding how you wish to … Affordable housing scheme: Over-55s Shared Ownership. Jadu. Shared ownership gives first time buyers and those that do not currently own a home the chance to buy a share in a property. Help to Buy East & South East have loads of useful information, advice and guidance, and you can use their 'property search' to find a shared ownership … We offer both brand new and pre-owned Shared Ownership homes for sale. Completing our Shared Ownership Application form is the only way to confirm you are eligible for Shared Ownership with L&Q. Shared ownership is a low cost option if you can’t afford to buy a home outright. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell. Surrounded by stunning Kent countryside and two Areas of Outstanding Natural Beauty, this semi-rural location is rich in history. Shared ownership. Half of Medway is rural, so there’s no shortage of incredible greenery to enjoy roaming around. Registered in England and Wales no: 04909788. Close to outstanding shopping, dining and entertainment. Peters Village, Wouldham, Kent, ME1. Find the best offers for your search shared ownership gillingham. This information will help us confirm that you are eligible to buy a Shared Ownership home. **30% SHARED OWNERSHIP** A fabulous three bedroom apartment with two private balconies, located on to the popular waterside Victory Pier development. It includes questions about your household income and savings, financial commitments, and your current living arrangements. Buying your own home can often feel out of reach, but with Shared Ownership and Help to Buy homes in Medway, you can finally settle down in a place you love. Find: county of kent properties for sale at the best prices Retirement only (2) Non-retirement only (65) Buyer incentives No preference. Listed on 15th Apr 2020 by Hyde New Homes - Shared Ownership at Rochester Riverside, ME1 + +44 1634 799197 ** Contact By choosing to purchase a share of a property (typically between 30% and 50%) you will pay a subsidised rent for the remaining share together with a monthly service charge. , Gun Wharf, Dock Road, Chatham, Kent, ME4 4TR. The area is well-set with commuting in mind, with the newly-constructed Peter’s Bridge across the Medway giving direct access to the A228 and the wider Kent area, as well as London being just over an hour away. For people aged 55 or over who are otherwise unable to afford to buy a home suitable to their needs. Buying a percentage means a smaller deposit and smaller mortgage. This calculator shows you what Shared Ownership could cost throughout the mortgage, tailored specifically to your circumstances. Shared ownership is a great way to get your foot on the property ladder. Available from 10 2 bedroom apartment for sale . We’ve some brand new homes and some older (but still lovely) homes available for shared ownership. This information is about how Shared Ownership work for homes bought via the scheme, in England. Advice is often contradictory and never personalised. Browse the UK's largest property database and view our range of new build houses and flats to buy in Medway. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell. The scheme is similar to Shared Ownership and enables you to buy a 75% share of the home or apartment. For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. The standard charge for the RICS market valuation for shared ownership purposes ranges from £250 - £300 + VAT for properties with a likely market value up to £500,000. Shared Ownership The Shared Ownership Scheme allows you to purchase an agreed percentage of your new home, usually from 25% to 75% and pay rent on the remaining share. You buy part of your home, usually between 25% and 75% of the property’s value and pay an affordable rent on the remaining share. Our Terms of Use | Privacy Policy | Cookie Policy, © SHARE TO BUY 2004 - 2020 All rights reserved, Advertise your property with Share to Buy, Documents required for mortgage application, Step by step guide to buying a Shared Ownership home, Share to Buy Expert Sessions: Webinar with Clarion Housing, Share to Buy Expert Sessions: Webinar with Catalyst, Share to Buy Expert Sessions: Webinar with Savills, Share to Buy Expert Sessions: Webinar with Peabody, Share to Buy Expert Sessions: Webinar with JLL, Share to Buy Expert Sessions: Webinar with Southern Home Ownership, Share to Buy Expert Sessions: Webinar with SO Resi, Share to Buy Expert Sessions: Webinar with L and Q, Share to Buy Expert Sessions: Your Questions Answered, Shared Ownership and Help To Buy Locations. All our homes are available through the Shared ownership scheme. Instead of buying the entire property outright, you can simply purchase a share that suits your budget and circumstances. We have 13 properties for sale listed as: shared ownership medway, from £61,250. For above £500,000 you would need to contact us for a quote. Shared Ownership. Newington (0.3 miles) Sittingbourne (2.7 miles) Note: Distances are straight line measurements. Powered and designed by 1 bedroom(s) Available through Shared Ownership, Berengrave offers you the opportunity to enjoy contemporary living in a home designed and built to high standards in the vibrant Medway region, while being only a short distance from nature reserves, woodland parks and acres of unspoilt countryside. Located approximately 1.4 miles south-east of Chatham town centre, the homes within Capstone Green will be finished to a great specification throughout and offer contemporary living in this peaceful setting. Shared only (10) Sole only (57) Retirement No preference. If you can't afford to buy in one go, shared ownership lets you buy a share of your home and pay rent on the rest. Shared ownership . On our website you can also find new shared ownership homes being built by mhs homes in Medway and Kent. Medway is now under Tier 4: Stay at Home restrictions. Because we’re partnering with Home Reach, a government-backed scheme designed to help more people buy their own home. Or you can spend the day enjoying its many entertainment venues, including the fun-filled Room2Escape, family-friendly Diggerland or Buckmore Park, alongside enough pubs, restaurants and parks to last you a lifetime. You then pay rent monthly for the share remaining. At Peters Village, a wide range of new homes are available now, provided by some of the UK's leading property developers. Help to Buy South East. Then you can leave it to us, as we’ll automatically notify you when new properties are added to your desired area. Separate schemes are also available in Wales (opens in a new window) and Scotland (opens in a new window). You get to choose whether you buy a bigger share of a cheaper home or a smaller share of a more expensive home. These immaculate two-bedroom waterside apartments are located in the heart of vibrant medway riverside. You can then later buy the property in full. Help to Buy: Shared Ownership. Shared ownership is an option for lots of people — probably more than you think. © Medway Council 2020, Gun Wharf, Dock Road, Chatham, Kent, ME4 4TR. However, this is only one half of the Medway coin; it’s also a conurbation of culture – a place with an eye to the future, without compromising its love of the past. All you need to do is sign up to Share to Buy and register to receive alerts. If you’re keen to buy a new home then Shared Ownership is an option worth pursuing, as it removes the need for a larger deposit! Perhaps the most striking thing about this unitary authority at first is its spellbinding natural beauties. Shared ownership two bedroom apartment available to purchase from a 75% share at £213,750 with a deposit of £10,687.50 full market value £285,000. Shared ownership is a low cost option if you can’t afford to buy a home outright. Why? 6 Properties in Gillingham from £79,950. You can increase your share at any time through a process called staircasing and, in most cases, buy your home outright. Like Help to Buy, with Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. Housing providers and local authorities don't make the costs clear. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Shared ownership. If you do, you would be responsible for paying a property valuation, legal fees and the property’s maintenance and upkeep. A smaller deposit makes it easier for first-time buyers to get on the ladder, and it's an easier way for separated couples to buy again with their individual share of joint assets. It’s a sooner first step on the ladder for lots of people. Tonbridge, Kent. It’s a sooner first step on the ladder for lots of people. 12 Properties in Chatham from £49,950. Buying your own home can often feel out of reach, but with Shared Ownership and Help to Buy homes in Medway, you can finally settle down in a place you love. You can get to know Medway’s distinct history through its many museums, such as The Historic Dockyard and The Royal Engineers Museum or through the likes of Rochester Castle and Fort Amherst. Available from 105,000 (30% minimum share of full value 350,000) available through shared ownership, berengrave offers you the opportunity. Shared ownership is designed for people who aren't able to afford a first home. Please be aware that Shared Ownership schemes in London are managed by the Greater London Authority (opens in a new window). Medway with Zoopla homes offer the opportunity to achieve homeownership and enjoy village life in a desirable rural location even. 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