Home
Leicestershire

Shared Ownership in Leicestershire

Discover attractive Shared Ownership properties in Leicestershire, combining beautiful countryside with the modern conveniences of city living.

Local Shared Ownership homes in Leicestershire

Leicestershire combines the best of modern living, with beautiful rolling countryside to explore alongside the central urban hub of Leicester – a thriving UK city welcoming over 10 million visitors every year.

Residents can explore local villages and towns like Queniborough, Hinckley, and Melton, and soak up the rich historical sites that the county has to offer. And when you’re done for the day, you’ll be able to relax at one of our several Shared Ownership developments situated in this stunning area of the UK.

Explore our homes available in Leicestershire

Available

Event: Friday 11th September

Saxon Place

Barkby Road, Queniborough LE7 3FE

3 Bedroom Houses Coming Soon

New Lubbesthorpe

Laxford Lane, Lubbesthorpe LE19 4BF

Embrace Shared Ownership at Saxon Place and New Lubbesthorpe

We have some fantastic Shared Ownership properties in Leicestershire with two developments located on the outskirts of Leicester. Each of them boasts stunning Shared Ownership houses for growing families, working professionals, and any other kind of buyer.

Saxon Place, located in the beautiful village of Queniborough, has a range of 3- and 4-bedroom homes ready to move into immediately. Each property comes with two allocated parking spaces, a sizable private garden, and spacious layouts to suit buyers at every stage of their life.

New Lubbesthorpe is situated a short 15-minute drive outside of Leicester city centre, but you wouldn’t know by how tranquil your new home is. With nearby amenities like Fosse Park, Evards Meadows, and even a David Lloyd fitness centre, you’ve truly got everything you need right on your doorstep. This development offers 2- and 3-bedroom Shared Ownership houses and a true sense of community you won’t find elsewhere.

Why Leicestershire?

The city of Leicester is easily accessible, providing popular family attractions that are perfect for days out. Leicester Museum and Art Gallery and The National Space Centre are well worth a visit, and for history buffs, Leicester Cathedral is renowned as the burial site of King Richard III.
In terms of education, Leicestershire has institutions that are hard to beat. Particularly well-rated establishments include The Market Bosworth School, Rushey Mead Academy, Madani Girls’ School and Limehurst Academy. For further studies, the University of Leicester remains a popular choice for undergraduate and postgraduate courses.
Handy travel links make navigating the wider region a breeze. Rail links can take you to Birmingham in an hour and central London in under 90 minutes, and the nearby M1 is perfect for getting further afield in the UK. The nearest major airport is in Birmingham; perfect for stress-free holiday planning.
Outside of the city centre, you’ll find sprawling countryside which makes for ideal weekend adventures. Countless hiking and cycling trails can be found right on your doorstep, with plenty of green space to take any furry friends that may be moving in with you.

How does Shared Ownership in Leicestershire 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’. For more information, make sure to check out our comprehensive HOME Hub.

Is Shared Ownership cheaper than renting in Leicestershire?

Shared Ownership homes in Leicestershire 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.

How do I know what percentage I can purchase?

You can purchase a share, typically from 25% to 75%, of the initial purchase price. 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.

Can I decorate my Shared Ownership home in Leicestershire?

Absolutely! Contrary to some myths you may have heard, all of our homes – including our Leicestershire Shared Ownership properties – are yours to decorate. You’ll only need permission from L&G Affordable Homes to carry out larger works, to ensure they don’t impact the structure of the building.

How do I view Shared Ownership homes in Leicestershire?

Once a scheme is live, we welcome visitors to our showhome suites. However, we are unable to facilitate viewings on some developments, depending on the days available or the roll-out of a specific scheme.

In those circumstances, our sales team can provide you with help and information to enable you to make a buying decision. This can include providing photography, CGI renders or virtual tours, or talking you through the floor plans thoroughly.

Where we are able to invite you into one of our homes for sale we want to ensure your safety. As such, visits will be by appointment only. Virtual viewings are also available – please contact our sales team to book your tour when you’re ready to move forward.

How to buy a Shared Ownership home in Leicestershire: a step-by-step guide

1Eligibility

The first step in buying a home with Shared Ownership in Leicestershire is to assess your eligibility. If you meet the criteria, you’re ready to start home hunting!

2Find a home

Browse through our available Leicestershire Shared Ownership properties. 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 Leicestershire 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 home ownership.

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 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 Leicestershire 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 started

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 Leicestershire home.

Unsure how much deposit you’ll need? Want to know the best areas to view homes? Our HOME Hub answers your Shared Ownership questions, from staircasing to service charges, mortgage advice to moving day.