The first step in buying a home with Shared Ownership is to assess your eligibility.
Register your interest for Norwich
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.
Explore our homes in and around 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.
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.