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%.
Phase 3 coming soon
A brand new collection of 1 and 2 bedroom apartments
Welcome to Amlets Place, a selection of 25 new houses and apartments in the busy village of Cranleigh, Surrey.
These homes offer the best of both worlds: a rural lifestyle with urban convenience, the beauty of nature seen from the window of a smart new kitchen. Climb the property ladder or bring up your family here, in stunning countryside between London and the South Downs National Park. Availability is strictly limited and an early expression of interest is recommended
Why buy at Amlets Place?
- Designed with first-time buyers and families in mind
- Cranleigh offers an excellent range of cafes, pubs, shops, boutiques
- Nearby nursery school and three primary schools
Cranleigh is within easy reach of the A3, providing access to the M25, central London, Portsmouth and South Coast
*photographs displayed are indicative showhome images, for reference only.
Local area information
Cranleigh is a large village and civil parish, self-proclaimed the largest in England, almost 8 miles (13 km) southeast of Guildford in Surrey. It lies east of the A281, which links Guildford with Horsham, on an alternative route that is not an A-road. It is in the north-west corner of the Weald (a large remnant forest) and immediately south-east of Winterfold Forest, a remaining area of forest on the Greensand Ridge.
Min share price from: £80,000 for a 25% share
Full price from: £320,000
Minimum deposit from: £8,000
Monthly rent from: £500
There is only one available priced at £80,000 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.