Shared ownership Essex
A real chance to get onto the property ladder
Part Buy / Part Rent Essex
Our aim at Moat is to make your search for shared ownership Essex a realistic option for first time buyers. We are proud to present a wide range of high-quality properties for sale in the Essex boroughs of Basildon, Brentwood, Epping Forest, Harlow, Rochford District, Southend-on-Sea, Tendring and Thurrock.
It’s not easy buying your first home but Essex shared ownership gives many people, often first-time buyers, an affordable alternative to buying a home outright. At Moat, we offer a range of stunning new apartments and houses, alongside popular resales, throughout Essex.
Making Essex an affordable county for all is a priority for us at Moat. You can find all available and upcoming properties in the county here, where you can view and get in touch regarding any that interest you.
Your journey towards home ownership starts here and through staircasing, can end with you owning your own home outright.
How does Essex shared ownership work?
Otherwise known as part-buy, part-rent, shared ownership is one of the most affordable homeownership options. Buyers are offered the chance to purchase a share of a property between 25% and 75%, whilst paying a subsidised rent to a housing association on the remaining shares. Over time it is possible to buy more of your home by purchasing additional shares in a process known as 'staircasing'. Register your interest to be added to our mailing list and you will receive details of currently available properties and forthcoming open days.
Why choose shared ownership over renting?
Shared ownership is a way to either enter or stay on the property ladder with a relatively low deposit. Sometimes, the monthly rent and mortgage repayments can be cheaper than privately renting. Unlike renting, you will own a share in the property and, should you wish to, you can increase your shares and eventually own the property outright. It's your home so you can decorate or improve it if you want to. You can also sell your share whenever you like.
What makes me eligible?
Shared ownership can be a great option for lots of people who want buy a home. A smaller deposit (usually 5% or 10%) of the share value makes it easier for first time buyers to get their foot on the ladder. It is also an option for seperated couples or people who have previously owned a home to re-invest their assets. Your household income needs to be under £80,000 (under £90,000 in London) and you can't already own a home. Generally speaking you will need to have a good credit history, have savings to cover the costs involved in buying a home and be able to keep up with the monthly rent and mortgage repayments.