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)

Birnam Mews, 1-3 bed homes


Oak Road, Stratford upon Avon, Stratford-on-Avon, CV37 7BU

Shared ownership

Starting prices

25% share from
£57,500
Full price
£230,000
Minimum deposit
£2,875
Monthly rent
£395
Monthly service charge
£59

Overview

From Monday 23 March we will be closing our sales and marketing suites. Our Sales Team are still on hand and will be conducting all appointments via phone, email and where possible by virtual tour. We are taking these extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.

Speak with a Sales Associate to receive a tailored package of offers – just for you!*

About The Development

Available through Shared Ownership, Birnam Mews will offer the ultimate lifestyle for those who want to choose their pace in life. The development is located just 1.5 miles away from the attractive market town of Stratford-Upon-Avon. The town has more than 800 years of history, best known for being home to the world’s most famous playwright, William Shakespeare.However, that is not all. The blend of heritage, culture, theatre, arts and gardens along with a thriving community offers a wide variety of leisure and shopping experiences. There is also a great selection of restaurants and bars to experience before you take the scenic route alongside the River Avon as you wander back to your peaceful countryside retreat.

At L&Q, we place an emphasis on quality and all of our homes at Birnam Mews come with a high specification. The homes are also larger than a standard new build property which brings benefits such as additional storage and more space for you and your family to enjoy

- Prices from £57,500 for a 25% share of a 1 bedroom house. Full purchase of £230,000

- Prices from £139,000 for a 40% share of a 2 bedroom house. Full purchase price of £347,500

- Prices from £156,000 for a 40% share of a 3 bedroom house. Full purchase price of £390,000


Unfamiliar with Shared Ownership?

With Shared Ownership you purchase a share of between 25%-75% of a home and pay subsidised monthly rent on the remaining share*. It’s a great opportunity for anyone who is unable to afford to purchase a home outright on the open market but still wants to step foot onto the property ladder.

Learn about about a virtual tour today!

To learn more about the homes we have on offer and speak with our dedicated Sales Associate, please visit our marketing suite today.

Please note that all applicants are required to register with L&Q and Help to Buy Midlands and London for Shared Ownership.

Prices, share requirements and eligibility criteria to be confirmed. Terms and conditions apply. Service charge will not have to be paid for 12 months. This cost will be deducted from the completion statement. Incentive will only be paid on plots that complete.

*Please visit L&Q's Coronavirus FAQ page for more detail on the processes and extra measures we are employing during this time or speak to your Sales Advisor.

 


Local area information

Birnam Mews will offer the ultimate lifestyle for those who want to choose their pace in life. Situated 1.5 miles from Stratford-upon-Avon you can experience the buzz of an array of restaurants and bars and then wander home to your peaceful countryside retreat. 


Plot availability

Plot number 47
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £57,500
Full market price £230,000
Monthly rent £395
Monthly service charge £59
Ownership Leasehold
Plot number Plot 44 - The Kingsbury
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £57,500
Full market price £230,000
Monthly rent £395
Monthly service charge £59
Ownership Leasehold
Plot number 45
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £58,750
Full market price £235,000
Monthly rent £395
Monthly service charge £59
Ownership Leasehold
Plot number 46
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £58,750
Full market price £235,000
Monthly rent £395
Monthly service charge £59
Ownership Leasehold
Plot number 42 - The Portchester I
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £139,000
Full market price £347,500
Monthly rent £478
Monthly service charge £59
Ownership Leasehold
Plot number 43 - The Portchester I
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £139,000
Full market price £347,500
Monthly rent £478
Monthly service charge £59
Plot number 17 - The Knighton
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £156,000
Full market price £390,000
Monthly rent £535
Monthly service charge £59
Ownership Leasehold
Plot number 16 - The Knighton
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £156,000
Full market price £390,000
Monthly rent £536
Monthly service charge £59
Ownership Leasehold
Plot number 52 - The Knighton
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 40%
Minimum share price £162,000
Full market price £405,000
Monthly rent £557
Monthly service charge £59
Ownership Leasehold

FAQ's

Min share price from: £57,500 for a 25% share
Full price from: £230,000
Minimum deposit from: £2,875
Monthly rent from: £395
Bedrooms: 1
Bathrooms: 1

There are 9 available ranging from £57,500 for a 25% share to £162,000 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

L&Q (Counties)
Shared ownership

Starting prices

25% share from
£57,500
Full price
£230,000
Minimum deposit
£2,875
Monthly rent
£395
Monthly service charge
£59