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We bought our home with shared ownership

Jaye image

Jaye

After living with her parents, Jaye decided that it was the right time to buy a two-bedroom property of her own. She was initially attracted to Moat Homes' Russet Grove, Marden, due to the lovely surrounding area and its proximity to a train station with links into London. 

Russet Grove is in the heart of the Kent countryside, offering peaceful village living near the bustling towns of Maidstone and Royal Tunbridge Wells. After realising the development ticked all of her boxes, Jaye reserved an apartment off-plan in October 2020. This means she bought it before it was built, which allowed her to secure a highly sought-after home before the properties sold out. She decided to purchase a 30% share of the property, an affordable option for her to begin with.

She said: “As I’d be living by myself, the shared ownership scheme made it possible for me to own something. I really don’t know what other options I’d have had if I hadn’t gone down this route. The fact it’s a lovely new-build property is such a bonus.” 

Fortunately, the Covid-19 pandemic didn’t affect Jaye’s purchase much: “Things were a little bit slower and mortgage lenders were more cautious but overall, all went really well. Moat was great – the clear communication and constant contact was really good for my first-time buyer experience.” 

Jamie-Lee and Joe image

Jamie-Lee and Joe

Jamie-Lee, 31, and Joe, 30, were renting a two-bedroom house along with Jamie-Lee’s 15-year-old daughter, Demi. But with a new baby on the way, they knew they needed to find a home with more space to meet their needs.

Soon after, Jamie-Lee discovered Onward Living’s Sycamore Gardens development online, which offered homes for shared ownership in nearby Great Sutton, and realised that they could buy a home fit for a family sooner than they first thought.

Jamie-Lee, a retail team manager, says: “Everything just kind of fell into place. We saw this and we were in a position to do it straight away, which was great. Once we enquired, the ball started rolling really quickly after that.”

After reserving off-plan in November 2020, Jamie-Lee and Joe got the keys to their new home in March this year and wasted little time in putting their own stamp on it – something that they couldn’t do while they were renting.

Jamie-Lee and Joe are delighted with their new home at Sycamore Gardens and would recommend shared ownership to other families and first-time buyers who are also looking to make the move sooner.

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Jonathan

A keen foodie, Jonathan had been living in the cultural hotspot of Haggerston in East London for 10 years, renting privately at £2000 per month. Keen to get on the property ladder, Jonathan came across shared ownership and immediately knew it was right. Not only could he get on to the property ladder he could use the extra savings to realise his other dream – to purchase his own gourmet pub.

Jonathan comments, “When I came across shared ownership, I couldn’t believe how affordable it was. I only needed £5000 for a deposit, and the monthly outgoings were so much cheaper than renting privately. 

Jonathan purchased a 25% share of a one-bedroom apartment at L&Q at Greenwich Square – the leading housing association’s premium development of one to three bedroom apartments in the heart of Greenwich.

“Shared ownership has enabled me to live in a much nicer home, for much cheaper than where I rented before. I have recommended it to lots of friends already, and in fact, one of my friends has already followed my lead and bought at L&Q at Greenwich Square.”

The journey of getting on to the property ladder was equally smooth, with the L&Q sales team helping at every stage.

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Ottilia

From a one-bedroom flat in Old Trafford to a brand new three-bedroom home – it’s been quite a journey for Ottilia and her daughter Lena. Ottilia, 43, who is the Managing Director of a not-for-profit community events company, took the keys to her brand new home on the Foxwood development in Manchester after a decade living at her previous abode.

She said: “I’ve known about Plumlife for a little while. I looked at the website and I was waiting for the right time and the right place to come up before I bought. When the homes became available on Foxwood, it was perfect as I went to Salford University and it was great to return to that area.”

When Ottilia was initially interested in a different property but was unable to complete the deal, Plumlife Sales Advisor Michelle Topping was on hand to help. “She was kind and caring throughout the process and shared my happiness when I was accepted for the property.  She was always professional, caring and calm throughout the process.”

Ottilia bought a 35% share of her new home through the shared ownership scheme, paying a monthly rent on the remaining 65%. She can go on to purchase up to 100% in future and said she would encourage other people to give the scheme a go.