Celebrating Shared Ownership in Honour of New Homes Week

on 26 February 2024
New Homes Week is an annual celebration dedicated to showcasing and promoting the benefits of new homes and the homebuying experience. The theme for this year is ‘Tomorrow Awaits – Make it Yours’ – an invitation to embrace the opportunities offered by new build homes and achieve your dream of home ownership.
The Advantages of New-Build Homes

Energy Efficiency – New-build homes could save owners approximately £184 monthly on energy costs. That’s a whopping £2,200 annually! With 85% of new builds obtaining an A or B EPC rating, they outperform older properties, of which less than 5% achieve the equivalent energy performance.

A Smoother Buying Process – The process of acquiring a new-build home is a lot more straightforward thanks to buying chain free. Plus, you’ll be guided by a sales advisor that will manage the process and liaise with associated experts.

Peace of Mind – Buying new means having the peace of mind that your home has been built to exacting standards – no dodgy DIY here. Plus, with new appliances you won’t be having to fork out for costly replacements – such as a new boiler. New build homes also come with new build warranties for extra peace of mind.

The Shared Ownership Difference

Shared Ownership offers an easier route to owning a new-build home. It involves purchasing a share of your home (between 25% and 75% initially) while paying rent on the remaining portion. It’s a helpful option for those who can’t afford the mortgage on 100% of a home, allowing first-time buyers and those who do not currently own a home, the opportunity to get onto the property ladder. Over time, you can buy an increased share in your home until you own 100% – a process known as ‘staircasing’.

“St. Arthur Homes were different to other Shared Ownership providers in that they offer starting shares at 50%, whereas others start from 25%. Our main aim was to own 100% of our home within five years and being able to purchase a higher share from the start was really appealing and meant we would be able to reach that goal – a lower share would have taken a longer time as the extra shares you purchase are in set increments. We are really pleased to have been able to achieve full ownership, this is a great investment for our future, and also means we aren’t paying rent anymore.”

Jade & Michael – St Arthur homeowners

Shared Ownership could be your answer to getting on the property ladder. Learn more about the scheme and how it works here: Shared Ownerships Buyers Guide.

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