Sage Homes are shared ownership properties built by Bovis Homes, allowing you to purchase a share of up to 75%. Meanwhile, you pay a monthly rent on the unsold share. Benefits include a smaller mortgage and a reduced deposit, which can help make getting on the property ladder more achievable.
Sage Homes is the largest provider of affordable new build homes in England.
Housebuilders like Bovis Homes work with Sage Homes to provide shared ownership and affordable rental homes to those who need it most.
Find out more about Sage Homes
Sage Homes built by Bovis Homes allow you to purchase a share of your chosen home and pay monthly rent on the unpurchased part. Depending on your affordability, you can buy shares from 42.5% up to 75%. Your landlord will be Sage Homes and they will grant you a 990-year lease. You will be charged an annual rent of 2.75% of the share of the property that you don’t own, but you can live in your home as if you have bought it in full. Shared ownership with Sage Homes gives you more affordable housing options when looking at new homes for sale.
Eligibility to buy a Sage Home under shared ownership means meeting the following criteria:
The Consumer Code and New Homes Quality Code (NHQC) do not cover shared ownership homes. Sage Homes properties are covered byBuildmark Choice
*Only applicable if you have a property to sell.
Sage Homes built by Bovis 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 Eligibility for the product may be withdrawn at any time prior to reservation.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 Bovis Homes privacy policy: https://www.bovishomes.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.
