The first step in buying a home with Shared Ownership is to assess your eligibility.
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Shared Ownership in Buckinghamshire
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Local properties in Buckinghamshire
Buckinghamshire is an attractive county to take your first step onto the property ladder. Numerous employment opportunities await you a small commute away in London. Residents of ‘Bucks’ have access to a wide range of country parks, manor houses and museums in the county itself. Meanwhile, a wide choice of excellent primary, secondary and tertiary educational establishments make Buckinghamshire ideal for growing families.
Explore our range of homes available in Buckinghamshire
- Like most “Home Counties”, Buckinghamshire is somewhat defined by its proximity to London.
- The county’s south offers easy access to London via the M40 motorway and Chiltern Railways (the latter running from High Wycombe to Marylebone in just 35 minutes).
- The idyllic Chiltern Hills are a stone’s throw from High Wycombe, and give residents access to some of the most quintessentially English countryside you’ll find anywhere.
- The mix of world-class entertainment venues, urban high streets and vast parks make West London a fantastic place to live.
- Buckinghamshire is served by the usual array of NHS hospitals, GP surgeries, opticians and dentists. Private alternatives are numerous thanks to the county’s proximity to the capital.
- Buckinghamshire is home to many highly regarded schools, including the country’s highest-rated secondary, Beaconsfield High School. With high population density to the south of the county, there are numerous educational options available – making the county ideal for young families.
The Shared Ownership scheme is simple, you buy an initial share of between 25% and 75% of the apartments full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
You can purchase any share from 25% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
How to buy a Shared Ownership home: a step-by-step guide
Search for available properties on our website here. Once you’ve found a property you’re interested in, you’ll need to arrange a viewing.
To find the ideal home that suits you, it’s best to see the property yourself. Book an appointment with us here to arrange online or in-person viewings.
Speak to a qualified independent financial adviser to see how much of the home you can buy.
To secure the property you’ve fallen in love with, complete the application paperwork and pay the reservation fee.
With the reservation complete, you’ll need to instruct a solicitor and begin your legal paperwork to purchase the property. We make the process as smooth and seamless as possible, including breaking down technical terms with our jargon buster.
Alongside the legal paperwork, you need to find a mortgage that suits you and complete your mortgage application. You can either do this yourself or use a mortgage broker. Your lender will carry out affordability checks to ensure that you can afford the mortgage repayments. See our affordability calculator to understand what you can afford.
With the mortgage in place, get ready to sign on the dotted line and pay your deposit. This is an exciting part of the process where you’re really close to your dream of homeownership.
It’s time to exchange contracts, which are legally binding agreements between you and us for the purchase of your property. You will also find out more about your completion and move in date during this stage of the process.
Congratulations! You can now move into your new home and make it your own.
You’ll still need to pay rent on the remaining share of the property you don’t own. The rent is usually set at 2.75% of the share that you don’t own. You can also choose to increase your ownership share over time, a process known as staircasing.