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)
Baltic View, 1 bed homes
Available for resale shared ownership, a bright, modern and spacious one-bedroom, ground floor apartment situated on the sought-after Grand Ocean development.
This south facing property comprises of a bright communal entrance with phone entry system, open plan living/dining room area, modern fitted kitchen with inbuilt oven & hob, large double bedroom, bathroom with shower over bath and storage cupboard in hallway. The property also benefits from access to a well-maintained communal garden, a bike shed and gym facilities.
Length of Lease: Approx. 986 Years
Council Tax Band: Brighton & Hove Council Tax Band - B
Gross Internal Area: 52 Square Metres
Property Value = £185,000
Percentage Share = 50%
Share Price = £92,500
Monthly Rent = £226.89 (£233.47 from 1st April 2020)
Monthly Service Charge = £114.32 (£108.26 from 1st April 2020)
Monthly Mortgage Payment** = £463
Household Income Required = £27,000
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Call 0345 606 1221 or email firstname.lastname@example.org. Please ensure you are registered and approved for shared ownership by completing our application at www.hydenewhomes.co.uk/apply.
Local area information
• Located on the sought-after Grand Ocean development within close proximity to local shops & amenities in the coastal town of Saltdean
• Excellent bus services to Brighton City Centre
• Brighton offers a wide variety of shops, restaurants, bars & amenities
• Brighton Train Station is situated 6 miles from the apartment and offers direct services to London Victoria, Gatwick Airport & Southampton
• Easy access to the A27 providing a direct route to the motorway network