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%.
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Acorn Avenue, 2 bed homes
A two bedroom mid terrace house available through the Shared Ownership Scheme. Accommodation comprises of modern fitted kitchen, living room, bathroom and two bedrooms. There is one allocated parking space and a long rear garden.
A two bedroom mid terrace house available through the Shared Ownership Scheme
Available for £77,500 for 25% share based on the marketing figure of £310,000
SO Resi monthly payment - £496.32
Monthly Service Charge - £35.52
Total Monthly payment - £531.84 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Modern fitted kitchen
2.42m x 4.56m
3.43m x 4.51m
3 piece suite with shower over bath
4.02m x 2.83m with Wardrobe
2.98m x 3.47m
Allocated parking space
Long rear garden.
Energy Rating Band - B
Environmental Impact Rating Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.