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It’s an ownership thing.
Shared ownership in Farnham
If buying a home in the popular market town of Farnham feels out of reach right now, with Aster's shared ownership developments in Farnham, getting on the property ladder could happen sooner than you think.
Farnham is located in the County of Surrey in the South East of England, and it is an ideal place to settle. This thriving town is home to plenty of amenities and green spaces, making it the perfect destination for those wanting a comfortable and active lifestyle.
If you're looking for a family home or a commuter crash pad in a desirable well-connected area, then our shared ownership developments in the area have something for everyone.
Shared ownership makes it possible for you to become a homebuyer with a much smaller deposit than traditional home buying. For example, if you purchase a 40% share of a property worth £100,000 - all that is required is a £5,000 deposit!
Find your perfect home
Aster Homes have created bespoke developments in Farnham that allow first-time buyers to access quality and affordable homes with shared ownership schemes. With prices starting from £78,750 for a 25% share, you will be able to call Farnham your home without the worry of taking out a large mortgage.
Searching for the perfect affordable home in Farnham has never been easier. At Aster, we offer an extensive selection of 1–4-bedroom homes that are sure to suit your needs with our shared ownership scheme. Check out our development pages today, as these properties won't remain available for long!
Contact our friendly sales team today to take one step closer to living in a stunning shared ownership home. Our expert team is here to help guide you through the process and answer any questions that you may have about shared ownership and how it could work for you.
Where is Farnham?
Farnham is in Surrey. It lies on the River Wey, near Aldershot and it’s close to Surrey Hills Area of Outstanding Natural Beauty. The town has plenty to offer with its range of amenities, traditional pubs, cafes and restaurants as well as supermarkets, banks and leisure centres.
Farnham has a mainline station with direct links to London Waterloo in about an hour. The town is well connected by the A31 and M3, meaning that you can reach central London and international airports including Heathrow Airport, in just over an hour from Farnham.
Transport links for Farnham
With Farnham's direct links to London Waterloo in around an hour, commuters can access central London and Heathrow airport within a brief one-hour drive via the A31 or M3. Located just a stone's throw away from the M3, A3, A31 and A287, travelling to and from Farnham is easy. In addition, regular bus routes connect with Aldershot, Farnborough, Guildford and Woking.
- 1 hour to London Heathrow & London Gatwick airports
- 41 miles to Southampton Airport / 67 miles to Bournemouth Airport
- The ports at Portsmouth and Southampton are approximately one hour’s drive from Farnham.
Regular local bus routes connect Farnham with the neighbouring towns of Compton Farnham, Hale Surrey, Middle Bourne, Boundstone, Cargate and Rowledge to name a few. For more long-distance routes, National Express and Mega Bus operate coaches from Farnham bus and coach station at Farnham's railway station.
Train travel from farnham
Nestled south of the A31 on Station Hill the railway station is only a brisk ten-minute stroll from the heart of town. Every week, Farnham railway station offers four trains per hour to London Waterloo and Alton. On Sundays, the number is reduced to one train per hour for each destination. Thanks to its convenient location, commuters can reach Guildford in just over an hour by train from Farnham; Aldershot lies even closer at a distance of under thirty minutes!
What to do in Farnham
The town is a popular destination that hosts a range of events throughout the year, including the Farnham Food and Drink Festival, the Farnborough Airshow, and the annual Christmas market.
Day to day, it's home to classic pubs, exquisite independent stores and the magnificent Georgian castle hosting a wealth of events throughout the year, meaning that Farnham town centre is a delightful market town with plenty to do when you're not busy enjoying its stunning countryside surroundings.
From spectacular classical theatre performances to captivating films, the Farnham Maltings Arts Centre has earned a prestigious reputation as one of Surrey's top cultural hubs.
The nearby Surrey Hills Area of Outstanding Natural Beauty boasts some breathtaking panoramic views and is a great spot to enjoy outdoor activities like walking trails and cycling circuits, horse riding expeditions or fishing trips.
Where to go in Farnham
Whether it is sightseeing, outdoor adventures, days out with the kids, or historical culture that you're into, Farnham has everything you need to enjoy shopping, dining, or sightseeing with ease.
Farnham has long been known for its vibrant shopping scene which attracts shoppers from all over the area. Popular shopping streets such as West Street, Downing Street, and East Street are lined with independent boutiques selling everything from fashion to homeware.
The town is also home to some fantastic restaurants offering a variety of cuisines from traditional British dishes to contemporary styles. For those looking for a more unique dining experience, Farnham has several gastropubs and quaint eateries, perfect for groups and celebrations.
In terms of attractions, Birdworld, Alice Holt Forest Park and Watercress Line, a heritage railway line that links Alton and Alresford with a steam train service are all popular things to do. Visitors can also take in the nearby village of Tilford and its picturesque collection of pubs, tea rooms, shops and galleries
For those seeking historical treats, the majestic Farnham Castle and St. Andrew's Church which is home to the oldest working clock in Britain can both be found here.
If you're now intrigued about the thriving Farnham market town and all that it has to offer, Aster Homes are excited to be part of this flourishing community. With our shared ownership homes, we aim to make buying a forever home in Farnham achievable. Simply get in touch today to talk to our expert team.
Ready to make an Aster home your home?
Here at Aster, our mission is to find the right home for you- one that makes your heart skip a beat. With our shared ownership program, we can open up opportunities for buying beautiful homes in life’s most desirable places. Unlike traditional purchases which require daunting upfront deposits, with us, the entire process becomes accessible and uncomplicated!
Ready to get on the property ladder with shared ownership in Farnham? Call the team on 01380 735 480 to discuss your needs today!
What is shared ownership?
Shared ownership offers a way to become part-owner of your home and pay rent for the portion that you do not own. This scheme makes it easier for first-time homebuyers to afford a mortgage, as it reduces the amount they need to borrow.
Do I need a deposit when buying with shared ownership?
When you decide to enter the world of shared ownership, a deposit is required. This will be from 5% of the share purchased.
Can you buy more shares?
Yes, you can purchase additional shares in your home. This process is known as 'staircasing', and it allows homebuyers to gradually increase their share size until they reach 100% ownership (depending on the terms of the lease)
Who is eligible for shared ownership?
Shared ownership is a great choice for those who are not able to purchase their own property in full. This provides them with the chance to become homebuyers and enter the housing market.
However, specific requirements must be met before taking advantage of this type of investment:
In order to be qualified for this program, you must fulfil the following criteria: permanent UK residency, an annual household income of no more than £80k (or in London—£90k), and a proven capability to make ongoing monthly payments. Additionally, it is required that you do not own any other property at present.
What costs should I budget for when buying a shared-ownership home?
When buying a shared ownership home, you should budget for:
- Deposit of 5-10%
- Mortgage fees, such as credit checks, surveys and admin costs
- Legal fees
- Stamp duty
- Moving costs such as removal services and storage facilities. If you are moving from rented accommodation, you may be required to give notice.
- Costs for setting up utilities in your new home such as electricity, water and internet connections
- Home insurance
- Service charges or ground rent (if applicable).
Additionally, it's also important to factor in emergency funds for any unexpected costs that may crop up during the process.
How is the rental fee determined for the portion that I don't own?
The rent that you'll pay on the shared ownership property is based on how much of the share you own and its value when you purchase it. The higher the percentage owned, then the less you will pay in rent each month.
Can I sell my property?
Yes, you can sell your shared ownership property whenever you wish. However, it is important to note that there will be costs associated with this process such as legal costs. Additionally, there may be restrictions on who your buyer must be for the sale to go through. If you are thinking of selling your shared ownership property, it is recommended that you speak to our resale & staircasing team for further advice.
Who are Aster?
We are a well-known housing association who supply a wide range of housing options in response to the housing crisis. We specialise in providing shared ownership homes for sale for those unable to get on to the property ladder.
We provide affordable rental and shared ownership homes throughout the UK, and pride ourselves on our commitment to providing outstanding service to all of our customers.
With shared ownership, you could buy your own property at a fraction of the cost and we aim to make buying your home an easy and stress-free process, with our experienced team offering comprehensive advice throughout.
Where can I learn more about shared ownership?
At Aster Sales, we understand that buying a property can be a daunting experience, so our team of experts are always happy to answer any questions or queries you may have about shared ownership or the process involved in purchasing your own home.
Our website is packed full of useful information to help you make an informed decision. Alternatively, you can contact us directly and one of our experienced team members will be more than happy to assist.