Surrey (UK) & Shared Ownership

Surrey is a popular place for people working in London. It is a beautiful county outside London filled with lush lawns, trees, and beautiful hills. It connected with London through wide roads and railways. Travelling to and from London takes a little more than 40 minutes.

It is the best place to call home. Here you can enjoy the peaceful and pollution-free atmosphere and excellent opportunities that London can provide. If you want to buy a house for yourself, consider buying one in Surrey.

Why buy a Sage Home in Surrey?

Surrey is a county filled with greenery and natural landscapes. It is a pleasant place to live both physically and mentally. It has many parks, gardens, golf courses and vast stretches of green space. It enjoys less air and noise pollution. Living in such an environment helps reduce stress and provides long-term health benefits. It is an excellent place to work and study. It has a first-class university and a lot of primary and secondary schools.

It is well connected with neighboring cities with high-speed trains and buses. This makes Surrey a strategic place for many businesses. This, in turn, provides many business and job opportunities that you can benefit from. Buying a house in Surrey is an excellent financial decision. Its property prices are rising rapidly, so the sooner you buy a home in Surrey, the better.

Why to buy a Surrey Sage Home through Shared ownership?

Surrey sage homes are so expensive that many people can’t afford to buy them. If you are one of those, who can’t afford to buy a house, consider shared ownership. It is a better choice compared to renting. You must pay at the start, except for the small deposit, and the other expenses aren’t much different.

The monthly expenses in shared ownership can be divided into two types: mortgage payments and rent. In shared ownership, you buy a fraction of your house. So, for part of the house you own, you pay a mortgage, and for the part of the house you don’t own, you pay rent.

Although buying the whole house at once is the best possible option, that is for those who can afford it. Share ownership is the next best option if you don’t have enough money.

Can I buy a house in Surrey through shared ownership?

Shared ownership is not for everyone. It is a government-sponsored scheme. You need to meet specific criteria before being able to buy a house in Surrey through shared ownership.

  1. Your annual salary must be less than 80,000 pounds.
  2. You must not already own a house, in England or outside England.
  3. You must meet one of the following criteria:
    1. You are buying your first house and can’t afford it usually.
    2. You sold your previous home and want to buy a new one. But you can’t afford a home that meets your requirement.
    3. You had a shared ownership house, but you sold your shares. And now you want to move to a new home on shared ownership.