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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Cricketers Green, 2 bed homes
£500 towards legal fees if you reserve with us in OCTOBER!
With the LAST FEW HOMES now released and available for Shared Ownership, there's never been a better time to make your move.
Shared ownership is one of the best ways for first time buyers to get their foot on the property ladder within prime locations and is cheaper than buying a house outright and usually cheaper than renting on the open market. More importantly, you do not need to make sacrifices on either life style or quality of home! All homes are of high quality and allow you to personalise and make your own.
Perfect for first time buyers, couples or small families alike. If you earn less than £80,000.00 a year and want to purchase with a low deposit, then shared ownership could be the perfect way to buy your home!
Disclaimer- Information about each property on this website (including text, photographs, artists impressions and computer generated images) on this and all other pages is indicative, and intended as a guide only.
Local area information
Min share price from: £62,500 for a 25% share
Full price from: £250,000
Minimum deposit from: £3,125
Monthly rent from: £427
There are 2 available ranging from £62,500 for a 25% share to £195,000 for a 75% 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.