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Thanet Community Housing Association joined the group in 2004 and brought with it stock in east Kent. In October 2007 Orbit Bexley and Thanet Community were merged to form Orbit South. Orbit is active in promoting shared ownership as well as providing homes for affordable rent. In 2010, Orbit helped 117 families through the Government's ...
Shared ownership, also called part buy part rent, is designed for those that cannot afford to buy a home with a mortgage outright. In 2010, in partnership with Santander, Affinity Sutton launched a 95% mortgage deal for customers looking to buy their home through shared ownership. [5]
Social Homebuy allows tenants of participating Councils and housing associations to buy their rented home on shared ownership terms, with a proportion of the usual Right to Acquire discount. [8] FirstBuy was a scheme for first-time buyers announced in the 2011 Budget. Under it first-time buyers can get help to fund the difference between a 5% ...
UK government announced a shakeup of the shared ownership scheme, while news filtered through from estate agents and surveyors about “unaffordable” house prices across the country.
Bromford also incorporates Bromford Homes, an outright sale business arm providing shared ownership homes to assist private/social renters move onto the property ladder. In July 2018, Bromford successfully completed a partnership with South West-based Merlin Housing Society to create a new organisation which retained the Bromford name.
The Guinness Partnership and Wulvern Housing Limited merged on 31 January 2017. The sales and marketing team is responsible for the sales of the Partnership's shared ownership and market sale properties across England. They are known as Guinness Homes and have a separate website to the Partnership's main website. [8]
Housing co-operatives are uncommon in the UK, making up about 0.1% of housing stock. [ 103 ] Most are based in urban areas and consist of affordable shared accommodation where the members look after the property themselves.
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