Your Guide to Affordable Homeownership: First-Time Buyer Options in Brighton and Beyond
Dreaming of owning your first home around Brighton and Hove but worried about affordability? This guide explores accessible routes and properties under £350,000, making your homeownership dream a reality, whether through our shared ownership or full market price.
Shared Ownership
Shared Ownership is an excellent option for first-time buyers who can't quite afford to buy a home outright on the open market. With Shared Ownership, you buy a share of a property (typically between 25% and 75%) and pay rent on the remaining share to a housing association. This means you need a smaller mortgage and a smaller deposit. As your financial situation improves, you can buy further shares in your home, a process known as 'staircasing', until you own 100%. See below some of our shared ownership opportunities:
The Edward Street Quarter | 1 Bedroom Apartment | Share value starting at £75,000 | Click the image for more info
Freehold Terrace |1 Bedroom Apartment | Share value starting at £94,000 |Click the image for more info
Home X | 1 Bedroom Apartment with Balcony | Share value starting at £152,500 | Click image for more info
Temple House | 2 Bedroom Near Brighton Station | Share value starting at £157,500 | Click the image for more info
Full Ownership
Full ownership purchasing in the UK means buying 100% of a property outright, usually with a mortgage and deposit, rather than purchasing only a share. The buyer becomes the sole owner of the home and the land (if it is freehold) or the full lease (if leasehold). Unlike shared ownership, there is no requirement to pay rent to a housing association on the remaining portion of the property. Full ownership also gives the buyer complete control over selling the property and making alterations (subject to planning rules or lease conditions). See below some ideal first time properties we have available:
Ditchling Road | 2 Bedroom Maisonette | Offers in Excess of £285,000 | Click the image for more info
Chichester Close | 2 Bedroom Apartment | £270,000 | Click the image for more info
Duncan Court | 2 Bedroom Apartment | £250,000 | Click the image for more info
Albion Hill | 1 Bedroom Apartment | £245,000 |Click image for more info
If you would like to discuss any of these options with our team, or to chat through the buying process in more detail, we are here to help. Give us a call on 01273 688 881 or reply to this email.