13/08/2026
🏡 STRUGGLING TO BUY IN CORBY? SHARED OWNERSHIP COULD BE AN OPTION! 🔑
There are currently 7 Shared Ownership properties available in Corby, and this is an option worth knowing about if buying a property on the open market feels out of reach.
So, how does Shared Ownership work?
Instead of buying 100% of the property straight away, you purchase a share of the home and pay rent on the part you don’t own.
Here are two REAL examples currently advertised in Corby 👇
🏠 2 BED TERRACED
Full market value: £240,000
You purchase a 40% share: £96,000
A 5% deposit on the share would be just:
💰 £4,800
Illustrative mortgage: £91,200
Example repayment at 4.50% over 30 years: around £463 per month
Plus:
Rent on remaining share: £330 per month
Other monthly charges: £42.70
➡️ Approximate combined monthly cost: £835.70
⸻
🏠 3 BED END OF TERRACE
Full market value: £300,000
You purchase a 40% share: £120,000
A 5% deposit on the share would be:
💰 £6,000
Illustrative mortgage: £114,000
Example repayment at 4.50% over 30 years: around £578 per month
Plus:
Rent on remaining share: £412.50 per month
Other monthly charges: £44.49
➡️ Approximate combined monthly cost: £1,034.99
💡 Why can Shared Ownership help?
Because your mortgage and deposit are based on the share you’re purchasing, rather than necessarily having to fund the full market value of the property.
For somebody struggling to save a £15,000–£30,000+ deposit, purchasing a smaller share could potentially make getting onto the property ladder much more achievable.
You may also have the option in the future to purchase further shares in the property, known as staircasing, subject to the terms of the scheme.
⚠️ Shared Ownership isn’t automatically right for everyone. Affordability, eligibility, mortgage criteria, rent, service charges and the individual property all need to be considered.
📍 If you’re in Corby and wondering whether one of these properties could work for you, message me.
I can check your income, deposit and circumstances and explain what mortgage options may be available.
📲 Magda Underwood – Mortgage & Protection Adviser
Figures shown are examples based on the advertised property information and an illustrative 4.50% interest rate over 30 years. Actual mortgage rates, repayments and eligibility will depend on individual circumstances and lender criteria. Your home may be repossessed if you do not keep up repayments on your mortgage.
