Shared Ownership Properties For Sale in Rayne, Chelmsford 🏡

Rayne Shared ownership is a great scheme that allows you to purchase a portion of a home, say 25% or 50%, and pay rent on the remaining share that you don't own. This means your mortgage and rent payments combined will likely be much lower than trying to buy outright.​ Eventually, you could own the whole thing free and clear. I was browsing listings in the Chelmsford recently and came across some lovely Rayne new builds available through shared ownership. There's a development of two bed terraced houses just outside priced from value for a 40% share. That works out to a mortgage of around £300 a month. Then add rent of £200 for the remaining 60% and your monthly costs are super reasonable. The homes themselves are beautiful too modern kitchens, landscaped gardens, and good sized rooms. What I think makes shared ownership an even smarter choice is the flexibility it allows. If you're not ready to fully commit to an area yet, it's less risky than a traditional mortgage. You also have the freedom to move up to a different property through the scheme if your situation changes. Rayne should you ever need to sell, the housing association will buy back your share making it less of a hassle. Rayne Shared ownership seems like a great halfway stepping stone for those who qualify.