The costs of buying are also kept low, as your deposit and legal fees are based on the price of the share, not on the home’s full value.
Blenheim Estate owns the remaining share of the home, on which an affordable rent is paid. Generally, the total rent and mortgage payments are less than a similar home purchased outright or rented privately.
For example, if you wanted to buy a 40% share in a property worth £310,000, the equity you would pay rent on is £186,000. Rent is charged at 2.5% on the un-owned equity share, in this example equating to £387.50 per month.
A shared owner has the right to buy further shares in the home– this is called Staircasing. Blenheim Estate allows you as a shared owner to staircase to acquire 100% of the property.
Contact your own Financial Advisor to determine the percentage of the property that you can afford, then it's time to arrange viewings and visit the properties that have caught your eye.
Please click the button below to use the Help to Buy South Shared Ownership calculator.
Your annual household income needs to be £80,000 or less, and should ideally be greater than £18,000 per annum. You should have savings of at least £2,500 to cover legal costs and a good credit history. It is required that you have a local connection to the area or a connection to West Oxfordshire to be considered. Please contact a member of the team for more information.Contact
Help to Buy South are on hand to assess your eligibility to purchase a shared ownership property. If you meet the basic eligibility criteria you can register to search for available properties.Register
See what's currently available under our Shared Ownership scheme and find the right home for you, at an affordable cost. Just look for the Shared Ownership banner.Explore