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)
Bellacouch Meadows, 2 bed homes
Located in Chagford, Devon, Bellacouch Meadows is a new development of new homes ideal for first time buyers and families.
Local area information
Where is Bellacouch Meadows?
Bellacouch Meadows is a wonderful new development in the beautiful market town of Chagford in Devon. Located on the edge of the legendary Dartmoor National Park and close to the River Teign it’s a thriving community surrounded by stunning countryside. Chagford is in a beautiful rural location but it’s not far from Exeter and the A30 providing great access for commuters.
- Canonteign Falls; the highest waterfall in England, under an hour away.
- Fantastic choice of schools; Chagford Primary school and Chagford Montessori nursery are nearby.
- Wide selection of restaurants, pubs and hotels to suit everyone’s preferences. These offer afternoon tea, organic whole foods, pizzas, ice cream and also fine dining with Gridleigh Park Hotel having two Michelin stars.
- Independent shops, delis, boutiques, food stores and hardware stores all in walking distance within the quirky Chagford centre.
Interested in something to do?
Why not try Chagford’s iconic freshwater open-air pool, which opens for the season from the end of May? Ideal for those hot summer days!
There are wonderful walking trails all around – perfect for the country enthusiast. Or why not grab a coffee at one of the local cafes or maybe a spot of lunch; there’s a wonderful selection of cafes, eateries, and characterful pubs to choose from
Chagford has twice been voted the Friendliest Place in the Country to Visit and three times voted the Best Place in the South West to Live (Sunday Times) – so who are we to argue with that? Make Bellacouch Meadows your number one place to live and get in touch with us today!
Min share price from: £94,000 for a 40% share
Full price from: £235,000
Minimum deposit from: £4,700
Monthly rent from: £323
There are 2 available ranging from £94,000 for a 40% share to £96,000 for a 40% 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.