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The major providers of Shared Ownership, Help to Buy and other affordable ways to buy a home in Wolverhampton and nationwide have their homes listed on Share to Buy.
Find a Shared Ownership Home in Wolverhampton
Search in Wolverhampton for your new home
Helping you along the buying process
Tools to check your affordability
Affordability
What is Shared Ownership?
Shared Ownership is an affordable home ownership scheme which makes it easier for eligible purchasers to get on the property ladder. Buyers get a mortgage for the share they can afford, and pay rent on the remaining share.
Shared Ownership FAQs
Find out moreDoes Shared Ownership mean sharing with someone else?
No – this is a common misconception but the ‘shared’ aspect of the scheme simply means you’re sharing ownership of your home with a housing association.
If you decide to buy a Shared Ownership home in Wolverhampton, you’re effectively purchasing a portion of your property. Your initial share will usually be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share.
Can I ever fully own a Shared Ownership home in Wolverhampton?
Yes – Shared Owners can choose to buy additional shares in their property by ‘staircasing’.
When buying a Shared Ownership home, you will initially purchase a minimum percentage somewhere between 25% to 75%. Down the line, if you find that your financial circumstances have changed, buyers will have the option to buy more shares.
If you choose to buy a higher percentage, your mortgage repayments will increase while the rent you pay will decrease. In the majority of cases there aren’t any restrictions and you can buy 100% of your home – in this instance, you would become the outright owner.
Do I meet the eligibility criteria for Shared Ownership homes in Wolverhampton?
As a home-buying product aimed at helping those who can’t afford to purchase a property on the open market, there are certain requirements that buyers will need to meet to be considered eligible for Shared Ownership.
For example, there are caps on household income which means that you must earn less than £80,000 to be eligible for the scheme – or less than £90,000 if you would like to buy a home in London. The criteria also states that buyers must be at least 18 years of age and do not own another property either in the UK or abroad.
How much does Shared Ownership cost in Wolverhampton?
Shared Ownership properties enable you to put down a smaller deposit compared to those required on the open market – buyers will usually need to put down 5% to 10% of the share that they’re buying, rather than the full market value of the home.
On a monthly basis, buyers will be required to pay their mortgage, a subsidised rent and service charge on their home, however, these repayments often work out cheaper than or equal to renting privately in the same area. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy.
Are there Shared Ownership homes in Wolverhampton?
Share to Buy lists thousands of Shared Ownership homes all across Wolverhampton and beyond – including new build properties and those available through resale.
Shared Ownership is available on a variety of homes including cosy studios, stylish apartments and traditional family homes. Check out our property search tool to start looking for your new home today!
The steps to find your new Shared Ownership home
1
Research
We have a wealth of tools, FAQs, guides and blogs to help you understand your options
2
Search for a property
Find the right home for you in Wolverhampton and register your interest
3
Speak to the specialists
Contact a Mortgage Broker and Solicitor Panels to help you through the buying process
Find your home with Share to Buy
Learn more about the UK's leading first time buyer property portal, specialising in affordable home ownership options including Shared Ownership and Help to Buy
Start your search today
Who are Share to Buy?
Share to Buy is the leading online portal for Shared Ownership properties. Established in 2004 as the UK’s first specialist online mortgage broker for affordable home ownership products, the site has since developed into a one stop shop for first time buyers, offering the country’s largest listing of Shared Ownership homes from many of the UK’s biggest housing providers.
Why should I register with Share to Buy?
Share to Buy is the nation’s biggest and best established affordable home ownership property portal, making it the ideal website for first time buyers looking to take that first step onto the property ladder.
Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.
Acting as a one stop shop for first time buyers, Share to Buy also offers handy FAQs and guides, interactive mortgage tools, mortgage broker and conveyancing panels, and live events to help potential purchasers on their home-buying journey.
Can I advertise my home on Share to Buy?
If you are a housing association or developer selling properties through Shared Ownership, Help to Buy and other affordable home ownership schemes, we can list your new build and resale homes on the Share to Buy property portal.
As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home.
Find out more about advertising your Shared Ownership property on Share to Buy.
SUCCESS STORIES
Emily - Shared Ownership buyer in Gloucestershire
“If you are considering Shared Ownership, I would 100% recommend using Share to Buy to learn more about the scheme and assess your options. Shared Ownership is an excellent stepping stone into the property market – it’s worked so well for me. It’s given me a freedom and flexibility I wouldn’t have had if I bought on the open market!"
SUCCESS STORIES
Laura - Shared Ownership buyer in Newham
“The Shared Ownership calculator on Share to Buy gave me a really clear understanding of what my budget was and what my monthly outgoings would be, including rent and service charge. The buying process of Shared Ownership was really simple - I bought a 35% share of my property and eventually plan on staircasing to own more of it.”
SUCCESS STORIES
Hannah - Shared Ownership buyer in Greenwich
“The deposit for buying a Shared Ownership property was much lower than I was expecting - there’s definitely no way that I would have been able to buy without the Shared Ownership scheme. With staircasing, I could buy more shares in the property, eventually amounting to 100%. At that point the flat would fully be mine and I wouldn’t have to pay any rent!”
Shared Ownership Wolverhampton - Shared Ownership Properties for Sale in Wolverhampton - Share to Buy
For first time buyers who believe that purchasing their own home is out of reach, Shared Ownership homes in Wolverhampton can help them to take those vital first steps on to the property ladder. Help to Buy homes in Wolverhampton can also help potential purchasers to put down roots in an area they love, and finally find a place to call their own.
If you want to keep up to date with Shared Ownership and Help to Buy homes in Wolverhampton, all you have to do is sign up to Share to Buy and register to receive alerts. We’ll then automatically notify you when new properties become available.
Found in the East Midlands, Wolverhampton is similar to many parts of Britain in the sense that it got its economical footing during the industrial revolution. However, what it has transformed into since then makes it both unique and a truly special place to call home.
Moving on from wool making and coal mining to the aerospace industry, its economy in many ways reflects the history and spirit of Wolverhampton. It’s both the backbone of the economy and down to earth, but with aspirations and achievements higher than the sky.
Today, the jobs market in Wolverhampton still thrives, but with more variety and scope than ever before. Prospects here range from engineering, which is traditional to the area, to service sector jobs and much more in between. So those looking to move to Wolverhampton will find plenty of opportunities here. These are made even easier to access, thanks to Wolverhampton’s wide range of public transport options. What else would you expect from a city that was home to the first long-distance railway?
It also excels when it comes to education, with great options for families hoping to give their children the best possible opportunities, whether they are at primary school age or entering into higher education.
Culturally, Wolverhampton is no slouch either. Everyone from history buffs to theatre lovers, live gig enthusiasts and foodies will all find plenty to enjoy in its modern, metropolitan streets. It’s also a city with a keen love of all things sports-related. While football takes centre stage in local hearts, you might be surprised to learn that Wolverhampton also has a passion for cycling, athletics, motorsports and more. All of this is without even mentioning the distinct beauty of the cityscape itself.
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