Archived articles for 2009

If you have any questions with regards to shared ownership, part rent part buy, who are the Home Buy Agents, eligibility for affordable housing, how the housing association process works, etc please click on the SmartShare FAQ tab.

The SmartShare team has tried to answer as many frequently asked questions as possible but if you are unable to find the answer you are looking for, why not contact natasha@smartshare.co.uk who will be happy to assist you.

SmartShare extends offer to shared ownership homeowners

SmartShare is delighted to extend its advertising service to homeowners who are looking to sell their shared ownership home.

For a small fee homeowners are able to advertise their property on the SmartShare website and tap into its targeted audience.

Gareth Robinson, CEO said "This service saves shared ownership homeowners thousands of pounds in estate agent fees and is already generating a lot of interest."

For more information please email natasha@smartshare.co.uk to discuss your requirements.

Shared equity scheme makes housing affordable in Dunston

Families on the lookout for an affordable home in Northamptonshire may find that a shared equity scheme means they can purchase a three-bedroom home for less than they think.

David Wilson Homes is offering the HomeBuy Direct initiative on properties in its Arena Gate development in Dunston, under which purchasers can buy a three-bedroom Edgar house for just £135,096.

Jackie Day, sales advisor at David Wilson, said families who are currently renting a home may find that buying actually works out cheaper.

"HomeBuy Direct was introduced as a way of combating affordability issues and it is proving a welcome lifeline to purchasers concerned about living beyond their means during the current economic climate," she commented.

Under the shared equity scheme, buyers receive an equity loan of 30 per cent to help them buy, on which no interest is payable for the first five years.

Shared equity scheme helps family in Rugby

A family from Rugby have discovered first-hand the benefits of a shared equity scheme currently being offere4d to those seeking an affordable home.

Jose Cachopo and his family fell in love with Miller Homes' St Peters development and were even happier when they discovered that, through the HomeBuy Direct shared equity scheme, they could purchase for just 70 per cent of the property's value.

"The fact that Homebuy Direct is government backed really gave us confidence about venturing onto the property ladder," he commented.

"It was great that there's no interest to pay straight away as it's meant we've had the extra money to furnish our new home."

With many mortgage lenders now asking for a 20 per cent deposit on a property, the scheme means even families with a amount of money put aside could find that home ownership is more affordable than they thought.

The initiative is open to first-time buyers and key workers such as teachers, nurses and police officers.

Buyer incentives offered on affordable homes in Basingstoke

First-time buyers on the lookout for an affordable home in the Basingstoke area have been advised to investigate a shared equity scheme on offer at the Limes Park development.

Bryant Homes' new Farleigh two-bedroom apartments at the scheme are already attracting reservations from buyers, downsizers and investors.

All 37 of the apartments lie within a three-storey modern Mediterranean-style building set within communal gardens with allocated parking, while some homes feature private terraces and balconies.

The developer is offering a range of incentives to encourage first-time buyers to take the plunge, including the HomeBuy Direct shared equity scheme, while customers are also being offered the opportunity to choose their own fixtures and fittings on unfurnished plots.

However, as many options are built in as the property is constructed, potential buyers are being urged to reserve early to make sure they get their dream affordable home.

Persimmon to host second shared equity event

A shared equity scheme offered by developer Persimmon has helped hundreds of househunters across the country find an affordable home of their own.

Weeks after the initiative was introduced, an impressive 272 properties had been reserved all around the UK and in the south Midlands region alone the developer has received 75 reservations in connection with the scheme.

For this reason, Persimmon is hosting a second event in Gloucester on September 5th dedicated to helping people looking for an affordable home to discover more about the shared equity initiative.

"Househunters who visit our Gloucester developments, Kingsway, The Marketplace and The Maples, have not only been impressed with the homes on offer, but also the fact that we’re able to support them with moving onto the property ladder," commented Persimmon's Alison Reading.