The following is a 3rd party contribution
With banks more reluctant than ever to lend and housing shortages across the length and breadth of the UK, times have never been harder for first time buyers. While fingers are still being pointed at who is to blame for this housing crisis, there are in fact ways out there to get on the property ladder even on a modest income. By simply reviewing your options and researching what’s available to you, a whole range of properties and locations become far more feasible from Houses for sale in Dover to Properties in London.
This fairly new scheme allows you to part buy and part rent your home while benefiting from a reduced deposit and more manageable mortgage. With Shared ownership you can own up to 75% of the home initially and rent the remaining portion from a housing association. Housing associations are not profit meaning you will receive far less rent costs compared to private landlords.
In addition, you will only have to pay a deposit on the percentage of the home you are buying, therefor for 50% of a house marked at £200,000 a deposit of £10,000 will be required compared to the £20,000 needed without the scheme. These homes span across the whole of the UK from houses for Sale in Lewisham to Liverpool, from quaint countryside dwellings to central city apartments, these new builds ensure you receive top quality for an affordable price in the area that is right for you.