Buy A New Home In Cornwall

Shared Ownership Homes for sale in Cornwall

Does living in your perfect home in the dreamy location of Cornwall feel out of reach? With Shared Ownership in Cornwall, you can realise your ambitions of finding your dream home sooner than you may have thought. 

Cornwall is a beautiful county that offers plenty to do whether you are a surf enthusiast, a history buff, or simply enjoy a nice walk on the beach. With plenty to do both on the coast and inland, Cornwall is a wonderful location for families and young individuals alike.

Aster has new homes and apartments for sale for you to buy through the Shared Ownership scheme. 

Would you like to buy a 1, 2, 3 or 4 bedroom new build home in Cornwall. See all our shared ownership houses for sale by clicking our development pages above. We also have some resales available for shared ownership in Cornwall in Liskeard.

Take one step closer to living in a stunning Shared Ownership home through the amazing sales team at Aster Group. Our awesome Sales Negotiator for Cornwall is Sara Clifford, contact her today!

Through shared ownership, deposits can be from as little as 5%!  So, if a 40% share costs £100,000 then your deposit could be as little as £5,000. It really is that simple (and no you don't have to share with anyone else, except maybe your partner, children or the cat).

Where is Cornwall?

Located in South West England, Cornwall borders Devon to the East and the Celtic Sea and English Channel to its South and West. Cornwalls positioning means it boasts the end of the UK – Lands’ End and the Southernmost point – Lizard Point.

Perfect for those who love the coast, Cornwall has an impressive coastline – from the busy coast of Newquay to the quieter beaches surrounding picturesque Padstow.

What to do in Cornwall?

When you think of Cornwall we bet the first thing that comes to mind is the sea, right? Well, that is true – this county is home to many amazing beaches with a north and south coast which boast their own characteristics. The beautiful coastline means you have plenty of natural beauty to explore.

However, on the off chance you’ve exhausted this countys outstanding beauty – there is plenty to do in terms of history and family fun. From water-parks to go-karting. Cornwall offers plenty for families and adults of all ages (you’re never too old to enjoy a good water-park after all).

If history is your thing, there are many historical spots across the county – including mines, castles and museums. Cornwall has a vast and interesting history as one of the Celtic nations.

Where to go in Cornwall?

There is so much to do in Cornwall, you really will be spoilt for choice – but with years to spend enjoying your new Shared Ownership home you will have time to do and see all this amazing county has to offer.

Truro, Cornwalls only city, is a great outing for those who want a taste of the city life – to do some shopping and enjoy the buzz of the busy city streets. Alternatively, for those who want to experience Cornwall’s nightlife – Newquay is a hotspot for nightlife, which is why it is a tourist favourite.

If you fancy yourself a fan of the finer things in life, Cornwall has plenty of fine dining restaurants – including a variety of seafood haunts so you can sample some of the county’s best offerings.

You can easily get from place to place using Cornwalls extensive bus network or if you prefer rail travel, many of Cornwalls coastal towns are connected by rail. Of course, the preferred transport method in Cornwall is by car – but with an ever-expanding transport network, you don’t need to worry. 

So, what are you waiting for? Go ahead and explore our Shared Ownership houses for sale in Cornwall.

If you need some more information please don’t hesitate to read through our FAQs, deep dives into Shared ownership and other shared ownership journeys here.

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FAQ

  • What is shared ownership?

    So, what is shared ownership? Shared ownership is a government-backed scheme designed to help individuals who may not afford to buy a home outright on the open market.

    Under this scheme, you purchase a share of a property (typically between 25% and 75%) and pay a reduced rent on the remaining share.

    Over time, if you wish, you can buy more shares in your home, a process known as "staircasing", until you own 100% of it. This approach makes homeownership more accessible for many and serves as a stepping stone towards full homeownership.

  • How does Shared Ownership work?

    Forget about having to scrape together a deposit upwards of £10,000 - shared ownership works by allowing you to purchase a share of a home – usually between 40% and 75% to make it more affordable (in some cases, you can even buy as low as 10% depending on the terms of the lease).

    This means you only pay a mortgage on the percentage of the property you own with a deposit as low as 5% of the total share amount, you then pay a below-market rent on your brand new home to us at Aster. It can help you get on the property ladder much faster and provides long term security.

    Find out more about how does shared ownership work here and if it is right for you.

  • How do I qualify for Shared Ownership?

    There's a few bits and pieces you need to tick to be able to buy a shared ownership home, but not much. These are:

    • You must be 18 or over
    • Your household is bringing in no more than £80,000 income a year (or £90,000 if you're in London)
    • You don't own a home already
    • You may be in the process of selling a home, however, to be able to buy a shared ownership home from us, the property sale must have an offer accepted before we will accept your application
    • You're able to show you can afford to maintain the costs of buying your own home
    • You're a British or EU/EEA citizen or have indefinite leave to remain
  • Who do I share with?

    You don’t have to share your shared ownership home with anyone, other than your partner or your family of course. You’ve bought it and you can live as you please, just as with any other home purchase. The term shared ownership is just used to describe the relationship between you and Aster.

  • How can I buy a Shared Ownership home?

    The first step in buying your shared ownership home with Aster is to contact us, either by filling in the contact form or over the phone.

    Beginning your journey to shared ownership is not as daunting as you may think, once you know if you meet the criteria you can begin searching for suitable properties. Once you have found a home, you will of course need to ensure you meet the required criteria and be approved for a mortgage.

  • What happens when I want to sell my Shared Ownership home?

    When you want to sell, your property gets valued and placed on the market with Aster at a rate of 1.5% then after the nomination period set out in your lease, then if your home hasn’t sold, you’re free to go to another agent of your choice and sell it through them.

    Find more information on selling your shared ownership home here.

  • How does Aster support the purchase process?

    At Aster, we're committed to making your shared ownership journey smooth and stress-free. From the moment you express interest in a shared ownership property:

    • Consultation: Our dedicated Sales Negotiators will discuss your needs and guide you through the available properties that match your criteria.
    • Financial Guidance: To ensure clarity on costs and other financial matters, we direct you to our trusted partner, TMP, who are specialists in shared ownership mortgages.
    • Viewings: For new builds, viewings are conducted once the home has been reserved or after it's been handed over. For re-sales, the vendor themselves will manage and conduct the viewings, ensuring a personalised experience.
    • Paperwork & Legalities: We offer assistance with the paperwork, guiding you through the application process, and liaising with solicitors to ensure the legal side is handled efficiently.
    • Post-purchase Support: Even after you've moved in, we have a post-sales team that will be able to assist with any queries or support you may need, ensuring your transition into your new home is seamless.

    It’s worth having a read through our Shared ownership guides to understand the shared ownership buying process to understand exactly how Aster can help you throughout the process. Don’t just take our word for it. Here’s some of our wonderful customers explaining their situation and how Shared Ownership from Aster has helped them.

  • How do Shared Ownership mortgages work?

    Having the right understanding of mortgages, how they work and which ones work best for you is incredibly important. It could save you thousands. We all know mortgages weren’t readily discussed in schools – but don't worry we’re going to take you through everything you need to know about mortgages – and, more specifically, shared ownership mortgages.

    There are a range of mortgages available to you – but the main two you need to know about are fixed rate mortgages and variable rate mortgages. And these are pretty much exactly as they sound:

    Fixed rate mortgages are the ones where your interest rate is fixed for several years, usually 2, 3, 5 or 10.

    Variable rate (or, standard variable rate) mortgages involve an interest rate set by each mortgage lender and the borrower (you) will revert to this once your initial fixed rate term expires. And, you guessed it, this rate can ‘vary’.

    More information can be found on our mortgage page.

  • Are there any additional costs involved?

    Yes, as with any property purchase, there are additional costs to be aware of:

    • Deposit: This is a percentage of the cost of the share you're buying, not the total property value.
    • Mortgage Fees: Depending on your lender, there may be arrangement fees or valuation fees.
    • Solicitor's Fees: This covers the legal work associated with purchasing a home.
    • Stamp Duty: Depending on the property value and your circumstances, you might need to pay Stamp Duty Land Tax.
    • Home Insurance: You'll need to insure your new home, and there might be associated costs.
    • Service Charge & Maintenance: If the property has communal areas or services, you might need to pay a monthly service charge.

    It's essential to factor in these costs when budgeting for your shared ownership home. Our team at Aster is here to guide you through these expenses, ensuring there are no unexpected surprises.

    Read through our guide to fees. We’ll walk you through these.

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