Shared Ownership

Shared Ownership

Shared ownership is a scheme to help first-time buyers get a foot on the property ladder. You buy a share in the property, typically 50%, and pay a subsidised rent on the remainder. In the future you can buy further shares and eventually own the property outright.

Who can apply for new shared ownership properties?

New shared ownership properties are advertised when the building commences. You must be able to raise the purchase price of the share on offer (usually by mortgage) and be able to afford all the monthly payments – i.e. mortgage, rent and service charge.

Existing homeowners do not qualify for new properties and you must have indefinite leave to remain in the United Kingdom.

You would normally only be considered for the local council area in which you currently live or work however there may be exceptions to this.  All of our available new build shared ownership properties are advertised through the Help to Buy website.

 

The Help To Buy agents for the East of England can be found at the following website.  https://www.helptobuyese.org.uk

The Help to Buy website is where you can get information, register and apply for properties.

Who can apply for shared ownership properties for resale?

Shared ownership properties that come up for resale are advertised for two weeks on the Home Options website on behalf of the vendor. If the advert doesn’t attract a suitable purchaser the property can be advertised on the open market using an estate agent.

It is no longer necessary to register with the Local Authority Home Options if it is only shared ownership which you are interested in, although you can still log into Home Options and view any available properties through South Norfolk Council’s Home Options website http://www.snhomeoptions.org.uk this will show rented properties as well as any resale shared ownership properties available.

How can I apply/receive more information about the scheme?

Please contact us on 01508 532031 or 01508 532038 for more information.

3 Bed Semi-Detached House - Ensign Way, Diss - £102,500

There is a re-sale on offer, for 53.37% Shared Ownership, on this three bedroom, semi-detached property on Ensign Way, Diss.

£102,500

  • Three Bedrooms
  • Kitchen/Breakfast Room
  • Conservatory
  • Enclosed Rear Garden
  • Off Road Parking
  • Walking Distance to Town Centre and Train Station

The property comprises of an entrance hall, cloakroom, lounge, kitchen /breakfast  room and conservatory. The first floor offers a master bedroom with fitted bedroom  furniture, a second double bedroom also with fitted wardrobes, a third bedroom and a family bathroom. Outside there is a fully enclosed south facing garden and the front of the property has off road parking.

Located to the east of Diss, Ensign Way is within walking distance of the town centre and importantly the railway station.

For more information on Shared Ownership and in particular this property please contact Emma Tooke on 01508 532023 or email etooke@saffronhousing.co.uk

 

2 Bed 4 Person Mid Terraced House - The Ridings, Minns Crescent, Poringland, Norfolk, NR14 7GR - From £95,000

Saffron Housing are pleased to offer, for 50% Shared Ownership, this two bedroom, mid terraced property on The Ridings, Minns Crescent, in the sought after South Norfolk village of Poringland.

From £95,000

  • Two Double Bedrooms
  • Own Garden
  • Gas Central Heating
  • Double Glazing
  • Two Off Road Parking Spaces

It comprises of an Entrance, Livingroom, Kitchen/Diner, Downstairs WC, Two Double Bedrooms and Family Bathroom.

It benefits from uPVC double glazing, gas central heating and off road parking for two cars.

With only a short walk to the many amenities, the property is in an ideal location for highly regarded local schools, food store, doctors and more.

Should you wish to purchase the share of ownership then you will need to have a strong connection with the Poringland parish area and meet the required criteria.

To register an interest in the ‘Help to Buy’ scheme please visit: www.helptobuyese.org.uk

For more information on Shared Ownership please contact Christina Hack on 01508 532053 or email chack@saffronhousing.co.uk

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3 Bed, 5 person End Terraced House - The Ridings, Minns Crescent, Poringland, Norfolk, NR14 7GR - From £112,500

Saffron Housing are pleased to offer, for 50% Shared Ownership, this three bedroom, end terraced property on The Ridings, Minns Crescent, in the village of Poringland.

  • Three Bedrooms
  • Own Garden
  • Gas Central Heating
  • Double Glazing
  • Two Off Road Parking Spaces

It comprises of an Entrance, Livingroom, Kitchen / Diner, Downstairs WC, Three Bedrooms and Family Bathroom.

It benefits from uPVC double glazing, gas central heating and off road parking for two cars.

With only a short walk to the many amenities, the property is in an ideal location for highly regarded local schools, food store, doctors and more.

Should you wish to purchase the share of ownership then you will need to have a strong connection with the Poringland Parish area and meet the required criteria.

To register an interest in the ‘Help to Buy’ scheme please visit: www.helptobuyese.org.uk

For more information on Shared Ownership please contact Christina Hack on 01508 532053 or email chack@saffronhousing.co.uk

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2 Bed Semi Detached House - Ferndale, 25 Bridge Close, Harleston, IP20 9HW

2 Bed Semi Detached House

Ferndale, 25 Bridge Close, Harleston, IP20 9HW

Share Available = 50%

Price= £72,500.00

Guide Rent= Approx £31.05

One double and one single bedroom.

One assigned car parking space.

Double glazing.

2 minutes walk to primary school and 5 minutes walk to town centre.

Front and rear garden. 5m x 8m

Quiet cul-de-sac.

These property details are set out as a general guide only and do not constitute any part of an offer or contract. Saffron Housing Trust takes no responsibility for any inaccuracies.

 Viewings strictly by Appointment

For more information please contact Emma Tooke at etooke@saffronhousing.co.uk

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