Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
36 St Andrews Close
We are delighted to offer this well-maintained purpose built three bedrooms second-floor apartment located on a modern development Available through Shared Ownership in Kent.
Please register your interest below to find out how to view this property.
Local area information
Canterbury has two mainline railway stations with Canterbury West being approximately 0.6 miles away and offering high speed services to London. The property is also within easy access of the A2 dual carriageway, which in turn links to the Channel Port of Dover and Brenley Corner at Faversham, adjoining the M2/A299 (Thanet Way) linking London and the coastal towns respectively.
The property is within walking distance to Canterbury city centre, which offers excellent shopping including a modern high street and a vast selection of boutique style shops in the Kings Mile. The University of Kent, Canterbury Christ Church University and other colleges are also within close proximity.
Prices are not available yet for 36 St Andrews Close but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for 36 St Andrews Close but you can register your interest to be notified when prices become available.
It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.
An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.
Leasehold, which is essentially the contract for the share you've bought.
It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.
Your solicitor can help you with this.