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Making a move with Shared Ownership at Micklewell Park, Daventry

Emily, 27, is a Sales Team Leader and has lived in Daventry all her life.  She was living at home with her mum when she made the decision to buy her own home.  She wanted to stay in Daventry and when she saw Micklewell Park, she knew it would be perfect for her, as it’s just on the outskirts of the town.

Getting onto the property ladder these days is challenging, especially when you are buying on your own. Emily had previously opened a Help to Buy ISA, but then made saving for a deposit her priority, saving her sales commission, buying little things for her new home when she could, and cutting back on luxuries.  It took almost a year until she was ready to make the move into home ownership.

As Emily was buying on her own, she realised that she could benefit from the Shared Ownership scheme.  The scheme allows you to purchase a share of a new build home, usually between 25% and 75%, and you pay a subsidised rent for the remaining share.  As the deposit you need is based on the share you buy, it makes it a more affordable way to get onto the property ladder.  And you can also buy more shares in the future (staircasing) and in most cases, own the property outright.

Buying a new home on your own can be daunting, so Emily was pleased to receive support along the way from Orbit’s sales and build team:

 “They were all so lovely, helpful and reassuring throughout. They provided updates and answered emails and calls promptly. I don’t think there was one point in the buying process where I was stressed, and that’s down to the people”.

Emily is very happy with her new home, which she moved into in May.  She says: “I love how spacious the house is and how big the windows are.  And I love how peaceful the area is, and the view out front”.  

We’re excited that Emily has made her first step onto the property ladder with the help of Shared Ownership, and we asked her what she thinks the main benefits of buying with the scheme are.  This is what she told us:

  1. I wouldn’t have become a homeowner without it
  2. The ability to staircase to full ownership

Micklewell Park is nestled within an attractive rural setting and ancient woodland on the outskirts of Daventry and has a fantastic choice of home styles and sizes. It’s the perfect place for every stage of life and to be part of a new, well-placed community.

The marketing suite and show homes at Micklewell Park are open daily from 10am to 5pm. You can find more information on our website here.

    Emily and her dog Ralph outside their new home Emily's new living room  Emily's dog Ralph

Emily and her dog Ralph at their new home