First-time Buyer at 60+ Thanks to Shared Ownership

Posted 7 May 2019 by Helen Christie

Stepping onto the property ladder with Shared Ownership and Hyde New Homes...

In a climate where the average first-time buyer is 30, it’s refreshing to see there are opportunities for the more mature home seeker.

Over 60, with no previous record of home ownership, Susan Weber, a nurse, thought the chances of her getting on the property ladder were slim. Luckily, Hyde New Homes stepped in with a Shared Ownership offering that ticked all of the boxes – a three-bedroom property at the Amlets Place in Surrey, Cranleigh.

Sue previously lived in tied cottages with her husband and when they separated, no assets were divided. Left with a bleak future renting, Susan turned to a close friend who explained Shared Ownership. Lucky enough to discover the scheme, Susan was able to purchase her first home. Using her life savings and putting down a £85,000 deposit, Susan went on to purchase a 25% share of a three-bedroom property with a full market value of £340,000. 

Susan comments: “Hyde New Homes has exceeded expectations with my new home. I now own a spacious three-bedroom end of terrace house with a wonderfully large kitchen and ample space in the garden – all at the perfect price point. If it wasn’t for Hyde New Homes, I would still be working as a nurse until I’m 70 to pay off a mortgage.”

Amlets Place has given Susan a whole new lifestyle with its the location and transport links proving beneficial for Susan’s day-to-day life. Previously familiar with the area, Susan was glad to find home in the rural outskirts of London. Susan continues: “I venture in to Guildford often to shop which only takes me 20 minutes via car. Alternatively, I know there is a good bus service to Horsham and Guildford. And on the rare occasion that I visit London, I know my train journey is quick and easy.”

Thanks to Hyde New Homes, Susan’s purchasing experience was smooth and comfortable. She comments: “I was kept in the loop throughout the whole process. Hyde were always great and informed me every step of the way. I get a lovely feeling when I walk through the door knowing it is all mine and slowly I am adding touches to my home so that it reflects my personality.”

Amlets Place has a collection of two-, three-, four- and five-bedroom homes and one- and two-bedroom bungalows. Phase 2 of Amlets Place is currently being developed, which will comprise of two one-bedroom homes and four two-bedroom homes - available through Shared Ownership, with prices to be confirmed.

For more information about Hyde New Homes and their developments, please visit or contact the sales team on 0345 606 1221.

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