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%.

69 St Andrews Close


Canterbury, Canterbury City, CT1 2RT

Shared ownership
2 bedroom homes
25% share from
£51,250
Full price
£205,000
Minimum deposit
£2,563

Overview

This purpose built fourth floor flat is located close to the city centre, Canterbury East and Canterbury West train station and has recently been re-decorated throughout. The property benefits two bedrooms, entrance hallway, lounge/dining room and bathroom. 


Local area information

St Andrew's Close is a pleasantly located complex of apartments being set on the edge of the City centre yet near to the river Stour and green open space. Canterbury offers a comprehensive range of shopping, leisure and educational facilities and boasts an enviable selection of schools and colleges plus two universities. Easy access can be gained onto the A2 to Dover and the M2 to London. The High Speed rail link is available from Canterbury west station with an estimated journey time of 55 mins to London St. Pancras.


Plot availability

Plot number 69
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £51,250
Full market price £205,000
Monthly rent £352
Monthly service charge £89

FAQ's

Min share price from: £51,250 for a 25% share
Full price from: £205,000
Minimum deposit from: £2,563
Monthly rent from: £352
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £51,250 for a 25% 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

Southern Homes
Shared ownership
2 bedroom homes
25% share from
£51,250
Full price
£205,000
Minimum deposit
£2,563