The first step in buying a home with Shared Ownership is to assess your eligibility.
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Shared Ownership in Kent
Explore our Shared Ownership properties and developments in Kent
Local properties in Kent
Known as the Garden of England, with a beautiful coastline and historic buildings like Canterbury Cathedral, Kent is a popular choice for home ownership. Whether you are a young professional looking for your first home, a new family, or looking to get on the property ladder, Shared Ownership home could be for you.
- As one of the Home Counties, Kent in South East England is a lush green county dotted with 26 castles and fortifications which represent its important history in defence and peacemaking.
- As well as stunning countryside, Kent incorporates busy urban areas such as Canterbury, Dover, Royal Tunbridge Wells and Dartford. Much of the county is in the London commuter belt making it a great place to live for city workers.
- Kent offers education for all ages – from pre-school to higher education at the University of Kent and Canterbury Christ Church University.
- The bus companies Stagecoach and Arriva operate in the East Kent and West Kent areas respectively and National Express coaches run from Kent to London.
- Healthcare for the 1.8 million residents of Kent is primarily organised by the Kent and Medway Clinical Commissioning Group.
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.