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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Amelia House, 1 bed homes
A modern flat in good condition available through Shared Ownership Scheme. The accommodation comprises of entrance hall with fitted storage/airing cupboard, bathroom with wc, bedroom with fitted wardrobe, reception room and kitchen. Outside there are well kept communal grounds and areas, communal bin and bike stores and an allocated parking space. The property also benefits from double glazing and electric central heating.
Available for £87,500 for 25% share based on the marketing figure of £350,000
SO Resi Monthly Payment - £493.42
Monthly Service Charge - £194.82
Total Monthly Charge - £688.24 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Bathroom with wc
Three piece white suite
Shower over bath
2.86 x 3.57
3.05 x 5.22
3.05 x 2.53
Good range of units
Built in washer dryer and fridge freezer
Well-kept communal grounds and areas
Communal bin and bike stores
Allocated parking space.
Energy Rating Band - B
Environmental Impact Band - C
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.