🏡 Why Part Ownership Homes Are So Popular Right Now
With high rents, mortgage hurdles, and limited stock in the market, it's no wonder that part ownership homes – also known as shared ownership – are having a moment.
At Collyers, we’ve helped a growing number of buyers secure part ownership homes across North Devon. And if you’re a homeowner thinking of selling, this demand could present a golden opportunity.
💸 Affordable First Step on the Ladder
For many, the dream of homeownership feels out of reach – especially with mortgage rates and deposit requirements where they are today. Part ownership changes that.
It allows buyers to purchase a percentage of a property (usually between 25%–75%) and pay rent on the remaining share. This significantly reduces the deposit needed, and monthly outgoings can often be more manageable than private rent.
🔒 Stability That Renting Can’t Offer
Unlike private renting, shared ownership offers long-term security. Once you’ve bought your share, the home is yours. You’re not at the mercy of a landlord giving notice – and you’ve got the freedom to decorate, settle in, and plan your future.
Plus, it’s a foot on the ladder. And once you're on, you can move up.
⬆️ The Power of Staircasing
Most part ownership schemes allow you to buy more of your home over time – a process called “staircasing.” Eventually, many owners reach 100% ownership and no longer pay rent at all.
It’s flexible, empowering, and a stepping stone that works at your pace.
📈 Demand Is Rising – Which Means Opportunity
We’ve sold more part ownership homes in recent months than ever before. Demand is high – and it’s not just from first-time buyers. We’re seeing young professionals, key workers, single parents and even downsizers all exploring this option.
If you’re a homeowner considering selling, and your property might suit the part ownership route, we’d love to talk. You could unlock a whole new pool of motivated buyers.
💬 Thinking of Selling or Buying? Let’s Chat
Whether you want to explore your eligibility for shared ownership, or you're a seller wondering if your home might be suitable for this route, we’re here to help.
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