Sage Homes

 

Shared Ownership with Sage Homes

Sage Homes built by Linden Homes are shared ownership properties that allow purchasers to buy a share of their chosen home and pay a monthly rent on the remaining part.

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What is a Sage Home?

Sage Homes are shared ownership properties built by Linden Homes. You can purchase a share of up to 75% and pay a monthly rent on the unsold share. You could benefit from a smaller than average deposit and smaller mortgage payments, making it easier to get on the ladder.

 

Who are Sage Homes?

Sage Homes is England’s largest provider of newly built affordable housing.

Working with housebuilders means they’re able to provide Shared Ownership and low-cost rental homes to as many people as possible.

For more information on Sage Homes, visit their website https://www.sagehomes.co.uk/

 

How does it work?

With a Sage Home built by Linden Homes, you purchase a share of your chosen home and pay a monthly rent on the part you don’t own. You can initially buy shares from 42.5% up to 75% depending on your affordability. Sage Homes will become your landlord, granting you a 990 year lease and will charge you a rent of 2.75% on the share of the property that you don’t own, so you can live in your home as if you have bought it outright.

 

Who is eligible for Sage Homes?

To be eligible to buy a Sage Home, check if you meet the following criteria:

  • Your household income is less than £80,000 per year (£90,000 if you’re in London)
  • You have at least a 5% deposit
  • You’ve passed the Homes England affordability calculator and full financial assessment
  • You’re a first-time buyer or an existing homeowner who has sold subject to contract*
  • The home is your principal home, and you do not own any other property

Shared ownership properties are not covered under the Consumer Code or NHQC (New Homes Quality Code). Sage Homes properties are covered by Buildmark Choice, for more information click here https://www.nhbc.co.uk/builders/warranties-and-cover/buildmark-choice

*Only applicable if you have a property to sell.

 

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More ways we can help you move

Home Stepper

In partnership with Sage Homes, Home Stepper is a shared ownership scheme meaning you can buy a share of your chosen Linden Home and pay rent on the remaining amount.

Deposit Assist

When your friends or family contribute a minimum of 5% to your deposit for a new Linden home, we’ll say thanks to them with £2,000 and give you £5,000 to help with moving costs.

Deposit Unlock

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Introduce a Friend

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Home Stepper

In partnership with Sage Homes, Home Stepper is a shared ownership scheme meaning you can buy a share of your chosen Linden Home and pay rent on the remaining amount.

Deposit Unlock

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Deposit Assist

When your friends or family contribute a minimum of 5% to your deposit for a new Linden home, we’ll say thanks to them with £2,000 and give you £5,000 to help with moving costs.

Introduce a Friend

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Still haven't found what you're looking for?

Sage Homes built by Linden Homes is a shared ownership product brought to you by Sage Homes, available on selected new build homes only, subject to contract and eligibility criteria. The Sage Homes product is subject to individual mortgage lender qualification and affordability criteria as prescribed by Homes England. Purchasing a Sage Home is subject to you first obtaining approval from Sage before reserving a new home. Eligibility for the product may be withdrawn at any time prior to reservation. Sage may also require evidence of your financial ability to proceed with the purchase of a new home. Shares from 42.5% up to 75% of the new home are available. Prices advertised can represent up to a 50% share of the new home. Rent will be charged at 2.75% of the unacquired equity share and is reviewed annually in line with the year-on-year change to RPI in the preceding 12 months plus additional 0.5% and an annual fee of £195. The property will be sold on a shared ownership leasehold basis with a term of 990 years and a monthly management fee is also payable. You will be an assured tenant with Sage Homes as the landlord until such time you staircase to own 100% of the property. More information on eligibility and affordability can be found at www.sagehomes.co.uk. This product cannot be used in conjunction with any other offer, discount, promotion or scheme. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Subject to individual lender terms and conditions. The Sage Homes reservation terms and conditions will apply. Please speak to one of our sales consultants for more details. Should you proceed to purchase a Sage Homes property your personal data will be processed by Sage Homes as set out in their privacy policy: Sage Homes: https://www.sagehomes.co.uk/privacy-notice/as well as our Linden Homes privacy policy: https://www.lindenhomes.co.uk/privacy-policy.

References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.