1Eligibility
The first step in buying a home with Shared Ownership is to assess your eligibility.
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Register your interest for Norwich
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Make Your Move in Norwich
Discover our range of new Shared Ownership homes in and around Norwich
Local properties in Norwich
Make your move in Norwich with Legal & General Affordable Homes and enjoy the buzz of the city and the serenity of the countryside all in one place. Norwich offers a thriving buzzing arts, music and cultural scene, an impressive cathedral with the second highest spire in the country and a centre packed with chain and independent shops. Plus there’s a premiership football team and great access to the best of the county like the stunning Norfolk Broads, on top of the picturesque coastline. There’s never been a better time to be a shared home owner in this beautiful part of the country.
Our range of new Shared Ownership homes are located in and around the city, available to buy from just £731 a month*, meaning you could get on the property ladder sooner than you thought possible.
*Based on a 5% deposit of a 25% share for a 1 bed apartment at Broadland Fields with a full market value of £185,000. Monthly cost includes service charge, rental costs and a 25 year mortgage with a 5.25% interest rate.
Available
Broadland Fields
Postwick, Norwich NR13 5AX
From
£46,250
Transport
4.0 miles
Example share
25%
Bedrooms
1 & 2
Available
Pettus Fields
Sprowston, Norwich NR13 6LA
From
£108,000
Transport
2.8 miles
Example share
40%
Bedrooms
2
Available
Sorrel Grove
Cringleford, Norfolk NR4 7LT
From
£109,000
Transport
5.4 miles
Example share
40%
Bedrooms
2
Available
Buttercross Place
Swaffham, Norfolk PE37 8DD
From
£104,000
Transport
18.5 miles
Example share
40%
Bedrooms
3
Coming soon
The Ostlers
Norwich, Norfolk NR13 6NR
From
N/A
Transport
2.4 miles
Example share
40%
Bedrooms
3
Why Norwich?
- Norwich has a fashionable vibe and a reputation for fine architecture, culture (in 2012 it was named England’s first UNESCO City of Literature) and great opportunity.
- For a modern city, Norwich has a whole host of historic settings to admire. There’s no less than 33 medieval churches in the city to explore, while high on your must-see list should be Elm Hill – complete with cobbles, Tudor buildings and wealthy merchant houses
- You’re spoilt for choice when it comes to finding an outstanding school in Norwich. Chapel Break Infant School, Sir Isaac Newton Sixth Form Free School and The Clare School all received the top Ofsted rating.
- Norwich has a main train station offering links across the East of England and beyond. There’s a direct train from Norwich that will take you to London Liverpool Street and the local station has a car park and cycle storage.
- Norfolk and Norwich University Hospitals NHS Foundation Trust serves the local population for their healthcare needs from its Norwich-base. It also includes an A&E department and the Jenny Lind Children’s Hospital.
How does Shared Ownership work?
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.
How do I know what percentage I can purchase?
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
2Find a home
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.
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 see how much of the home you can buy.
5Application
To secure the 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 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 completion and move in date during this stage of the process.
10Move in
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.
