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%.

Read more about Shared ownership (Opens in new window)

36 Tudor Rose Way, 2 bed homes


Harleston, South Norfolk, IP20 9QH

Shared ownership

Starting prices

35% share from
£53,375
Full price
£152,500
Minimum deposit
£2,669

Overview

This two bedroom house is an ideal opportunity for a first time buyer to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.


Plot availability

Plot number 36
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £53,375
Full market price £152,500
Monthly rent £228
Monthly service charge £14

FAQ's

Min share price from: £53,375 for a 35% share
Full price from: £152,500
Minimum deposit from: £2,669
Monthly rent from: £228
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £53,375 for a 35% share.

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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Hastoe
Shared ownership

Starting prices

35% share from
£53,375
Full price
£152,500
Minimum deposit
£2,669