1Eligibility
The first step in buying a home with Shared Ownership in Ipswich is to assess your eligibility. If you meet the criteria, you’re ready to start home hunting!
Back to development
Register your interest for Ipswich
1
2
3
Shared Ownership in Ipswich
Explore picturesque Shared Ownership homes in Ipswich, and enjoy living in one of Suffolk’s most historic county-towns.
Local Shared Ownership properties in Ipswich
Ipswich is one of the most popular destinations to visit and live in Suffolk, with more than 3.5 million visitors venturing to this idyllic gem every year. With a heritage spanning over 1,500 years, Ipswich is brimming with history alongside a strong sense of modernity that makes it a perfect place to purchase a Shared Ownership home.
Around 140,000 people call Ipswich home, which is no surprise when you consider the stylish waterfront bars, strong cultural roots, and vibrant sense of community. And with strong travel links into London, you’ll be well-connected wherever you’re heading.
Embrace Shared Ownership at Sampson Green
If you’re looking for a Shared Ownership home in Ipswich, Sampson Green provides the perfect location to get on the property ladder.
This new community has a range of 2-, 3-, and 4-bedroom homes available for first-time buyers, growing families, or anyone who meets the Shared Ownership eligibility criteria.
To integrate with the beautiful countryside setting, Sampson Green includes paths for dog walking and running, as well as a children’s play area and landscaped gardens. These features create a sense of community among Shared Ownership residents, with amenities, parks and entertainment just a short distance away.
Why Ipswich?
- Our Shared Ownership homes at Sampson Green have a number of stunning countryside walks on their doorstep, with Pipers Vale Nature Reserve and Landseer Park within half a mile of your new home.
- The vibrant Ipswich Waterfront is less than two miles away from Sampson Green, with easy access to a range of highly-rated bars and restaurants alongside the River Orwell. The Waterfront has been home to everything from maritime trade and yacht building for centuries, and is one of the most recognisable – and picturesque – areas in Ipswich.
- For residents wanting to absorb culture, Ipswich Waterfront also hosts a variety of summertime and autumnal festivals filled with food, drink, and live music to entertain locals and visitors throughout the year.
- A wide number of schools for all ages are within a short distance of Sampson Green, perfect for growing families looking to get on the property ladder in Ipswich.
- With 1,000+ years of maritime and agricultural history, Ipswich offers a number of must-visit attractions and locations of interest that explore Suffolk’s rich cultural heritage.
How does Shared Ownership in Ipswich work?
The Shared Ownership scheme is simple: you buy an initial share (typically between 25% and 75%) of the property’s 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. This is a process known as ‘staircasing’.
How do I know what percentage I can purchase?
You can purchase a share of the initial purchase price, typically from 25% to 75%. 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.
Is Shared Ownership cheaper than renting in Ipswich?
Shared Ownership homes in Ipswich can be cheaper than renting privately as the mortgage cost and low rent sometimes add up to less than the equivalent rental payments to a landlord. The specific costs of your new home will be outlined prior to purchasing your share, so you’ll be aware of what’s being charged before signing.
Can I sell my Shared Ownership house in Ipswich?
Yes. When you want to sell your Shared Ownership home in Ipswich, Legal & General Affordable Homes has a time period specified within your lease to offer the property to another eligible shared owner. If we are unable to source a suitable purchaser in this time, you can put the property on the open market.
The Management Provider will manage the process of you selling your home on our behalf.
How do I view a Shared Ownership home in Ipswich?
Once our homes are ready to be viewed, we welcome visitors to book a viewing with our sales consultants and take a look around our show homes. At this time, we will also have a discussion around your requirements for your new Shared Ownership home and will provide more information on how the scheme works.
However, if our homes are not yet ready to be viewed, our sales team will make sure that you’re provided with as much information as possible about your new home and the wider development.
How to buy a Shared Ownership home in Ipswich: a step-by-step guide
2Find a home
Browse through our available Shared Ownership properties in Ipswich. Once you’ve found a home you’re interested in, you’ll need to arrange a viewing.
3Arrange 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.
4Affordability
Speak to a mortgage broker to understand your affordability and see how much of the home you can buy.
5Application
To secure the Shared Ownership property you’ve fallen in love with, complete the application paperwork and pay the reservation fee.
6Legal paperwork
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.
7Secure mortgage
Alongside the legal paperwork, you need to find a Shared Ownership 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.
8Sign contract
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.
9Exchange
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 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.
10Move in
Congratulations! You can now move into your new Shared Ownership home in Ipswich 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 via staircasing.
Get in touch
We look forward to hearing from you. Please contact our dedicated Sales Team who will be delighted to help you find your new home.