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)

5 Charles Dewar Close, 2 bed homes


King's Lynn, King's Lynn and West Norfolk, PE32 2JF

Shared ownership

Starting prices

45% share from
£78,750
Full price
£175,000
Minimum deposit
£3,938

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.

EPC= C70

Term remaining on lease: 113 years


Plot availability

Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 45%
Minimum share price £78,750
Full market price £175,000
Monthly rent £174
Monthly service charge £6

Off street parking

Fitted kitchen

Central heating

Double glazing

Over bath shower

Downstairs WC

Private garden with shed


FAQ's

Min share price from: £78,750 for a 45% share
Full price from: £175,000
Minimum deposit from: £3,938
Monthly rent from: £174
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £78,750 for a 45% 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

45% share from
£78,750
Full price
£175,000
Minimum deposit
£3,938