Shared Ownership in Canterbury

A collection of one, two & three bedroom shared ownership apartments, houses & flats for sale Canterbury

This medieval hamlet isn’t just known for its tales and Cathedral, this historical town in the south of England is one teeming with character and culture, and is quite simply, a beautiful location to live.

A Borough Etched in Heritage

It would be quite easy to forget the likes of London’s modernity and superfast pace whilst strolling along Canterbury’s leafy avenues and calm, cobbled city streets. Preceded by its monumental Cathedral and dazzling gardens, open space is certainly not hard to come by. Home to astutely prestigious universities including The University of Kent and Canterbury Christchurch, Canterbury exudes intellectual charm.  From walks along the Roman Walls to tours along the river or rambles through Blean Woods Nature Reserve, there is a charm to Canterbury that will capture your imagination and run away with it.

Seasides and Riverbanks

Canterbury is ideally placed for day trips to the Kent coast or longer outings to Paris via Ashford and the Eurostar as well as being home to two astutely prestigious universities including The University of Kent and Canterbury Christ Church for the intellectually inclined. And If you desire nothing more than a blissful evening walk along the beach, rosy-cheeked and red-nosed in the fresh sea air, nearby Wentworth Park in Herne Bay is Canterbury’s coastline getaway. A hotspot for Jurassic shark teeth and fossil hunting you can certainly sink your own teeth into some jaw-dropping discoveries. And should the kids tire of dinosaur detecting, an ice cream and a ride on the carousel should do the trick nicely.

Properties for Sale in Canterbury - Part Rent / Part Buy

With Outstanding schools and a whole host of amenities at your disposal, properties for sale in Canterbury are ideal for families and first time buyers alike. We have brand new 3 bedroom houses for sale at Ashvine Park, which is located right in the centre of Canterbury. And with Moat’s part-buy part-rent offer, getting onto the property ladder in Canterbury is an opportunity not to be missed.

For shared ownership properties in the wider Kent area, please see our page shared ownership Kent.

Resale

Starle Close

Canterbury, Kent, CT1 1XJ

£1,118 estimated monthly cost

2 bedrooms

1 bathroom

Shares from 50%

Full market value from £310,000

New home

Grasmere Gardens

Whitstable, Kent

£1,292 estimated monthly cost

2, 3, 4 bedrooms

1, 2 bathrooms

Shares from 25%

Full market value from £365,000

New home

Moat at Saxon Fields

Thanington, Canterbury, Kent, CT1 3ZE

£1,188 estimated monthly cost

2 bedrooms

1 bathroom

Shares from 25%

Full market value from £332,500

Resale

Heath Grove first floor

Herne Bay, Kent, CT6 5FA

£1,166 estimated monthly cost

2 bedrooms

1 bathroom

Shares from 60%

Full market value from £220,000

Frequently Asked Questions

Shared ownership offers the chance to purchase a share (generally between 25%-75%) of a house or an apartment. A 5%-10% mortgage deposit is required for the share being purchased which, in the current market, makes it possible to own a home through shared ownership.

If you don’t already own a home, live outside London and earn less that £80,000 a year, then yes you are eligible! The same applies in London but you can earn up to £90,000. For full eligibility details, please visit www.ownyourhome.gov.uk.

Yes, if you wish to purchase a home with us, you will need a deposit for your mortgage. This will typically be 5% or 10% of the total share value and is in addition to the savings required for other home buying costs such as legal fees and mortgage arrangement fees. Please note we do not accept interest only mortgages or 100% mortgages.

Buying a new home off plan means that you commit to purchasing it whilst it’s still being constructed. You may, or may not, have an opportunity to physically view inside it before your commitment to buy it becomes a legal obligation (at the stage where you exchange contracts). Further information about buying off-plan can be found here.

Yes you can and you can do this at anytime after you have purchased your home. It is entirely up to you if you decide to staircase and purchase further shares.

You purchase additional shares at the current market value and with each staircasing transaction, your rent reduces according to the new percentage owned. When you reach 100% ownership, you no longer pay us rent, although you are still liable for service charges and ground rent (if applicable).

Resales are homes that the current owner bought through shared ownership and now wishes to sell on. It’s still the same shared ownership government-backed product but you normally purchase at least the share that the seller currently owns. Further information about resales can be found here.

You’ll be expected to provide documentation to us, your mortgage advisor / lender and your appointed solicitor. This will include: wage slips, bank statements, proof of address, details of your employment and certified identification.

Like any home owner, you are fully responsible for the day to day maintenance of your home. If you buy a house, it is your responsibility to keep both the interior and the exterior of your home in good repair. If you buy an apartment, the freeholder of the block is responsible for maintenance of the common parts and the exterior of the building. You will be responsible for undertaking any maintenance or repairs inside of your apartment.

There are costs associated with buying a home and these include a reservation fee, survey and mortgage arrangement fees, solicitors fees and removal costs. We recommend that you have around £5,000 to cover all of this. This is in addition to any mortgage deposit you intend to use.

Our rent is typically set at 2.75% per annum for the share you don’t own. Here’s an example: You’ve paid £90,000 for a 30% share of a home with a full market value of £300,000. The remainder still owned by us is 70%, or £210,000. We’ll charge you rent at 2.75% per annum, that equates to £5,775 over the year, or just over £480 per month. Remember that you’ll also be paying your monthly mortgage and any service charge payments.

Ground rent is a fee that is charged on leasehold (and sometimes shared ownership) homes. If you have to pay ground rent it will be a condition of your lease for the land that your home is built on. This is generally only applicable for apartments and Moat usually do not charge ground rent if we are the freeholder (this means that Moat own the land and / or apartment block). If Moat aren’t the freeholder, we do not fix the ground rent but we will collect it from you to pass onto the freeholder or landlord of the building that you live in.

These are charges payable by you as the shared owner to the landlord / freeholder for services the landlord is obliged to provide under the terms of the lease. At the time of purchase, service charges are estimates and the amount will then vary from year to year depending on services provided. The cost of these services are usually split between those living in the apartment block or on the estate. Service charges include items such as cleaning of communal areas, maintenance of communal car parks, grounds maintenance, communal lighting etc. We provide full details of all service charges to you before you buy a home with us and they are also outlined in your lease.

If you’re buying a house, it’s usually fine to bring your pets. We do have to check the lease, so please speak to us if you have pets.

Yes you can! You will need to let us know about any bigger projects such as home improvements and structural changes.

Subletting your home isn’t allowed but you can take in a lodger. We are here to help, so please get in touch if you want to speak to us about subletting.

The managing agent is the company appointed by the management company or they can be appointed by the freeholder of the building to run and manage the building and associated services. If Moat is the freeholder, we will collect service charges directly from leaseholders in accordance with the terms of the lease. If Moat is not the freeholder, we will still collect the service charges as the freeholder will collect them from us; we do not make any money from this, we are simply passing on the costs. The service charges will include management fees which are their fees for this service. This is usually only a very small element of the total service charge.

The management company are responsible for the collection of service charges and the delivery of management and maintenance services across the estate / development where you live. The role and obligations of the management company are specified in your lease or Transfer to Moat. The management company may choose to pass some or all of their responsibilities to a managing agent.

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