Sanctuary Homes are proud to be part of Shared Ownership Week 2020 (September 17th – 23rd) raising awareness of the scheme designed to help people afford a new home.

In partnership with National Housing Federation we are highlighting some of the benefits of Shared Ownership (SO) as well as mythbusting and promoting SO properties available on our developments across the country. We are also sharing some stories from people who have benefited from the scheme.

At the start of this year Lucina managed to buy her first home, a new-build property in Essex with her partner. They had spent the best part of a year trying to save towards a deposit, fearing they wouldn’t be able to do it until they discovered Shared Ownership.

“I purchased my first home back in January 2020 with my partner and we did this through Shared Ownership.

Sanctuary Homes owner Lucina

We were saving to buy something outright, but we were struggling to reach the required deposit amount. Eight months of saving just wasn’t enough. Then I was introduced to shared ownership. We couldn’t believe what we would be able to buy, we would be able to afford a new build property!

We were first attracted to the scheme as we liked the idea of being able get onto the property ladder with a lower deposit, because we’d own a percentage of the property. At first we were initially worried about the remaining share of the property; we thought it might be difficult to purchase these back for ourselves but where we bought our house from the team were so helpful when we required anything, they answered all our questions and allayed our concerns. We now have no doubts at all.

The process was also very easy! The people dealing with our Shared Ownership kept in touch with us right throughout the sale, they even allowed us back to measure up as many times as we wanted and caught up with us weekly to keep us informed.

We weren’t limited at what properties we wanted, and when we found our perfect house we were able to get the brand-new property complete with all integrated appliances! This might not have been available to us if we had bought outright and saved us a lot of money again. The process was so smooth, and we completed on our home within 3 months of having our offer accepted!

When we found out we were successful we were both so excited. We couldn’t wait to get the furniture in and make it a home.

Overall, we were really impressed with the flexibility of the scheme and the size and the quality of houses that were available to us. We also have the opportunity to staircase, buying up the remaining share up to 100% ownership at our own pace.  

I have already recommended the process to friends who are looking to purchase. When I explain the benefits and when they see the home we have together, they are shocked at what you can have…even with it being our first step onto the property ladder.

It is such a great feeling having your own home, and I really recommend Shared Ownership!”

Find out more information about Shared Ownership and how it could help you step onto the property ladder by visiting our Shared Ownership section. To view our properties available to buy please visit our Developments online.

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