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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Dexter Way, 2 bed homes
Two bedroom end of terrace house available through Shared Ownership in Reading.
Available for £145,000 for 50% share based on a market value of £290,000
SO Resi Monthly Payment - £361.97
Monthly Service Charge - £34.99
Total Monthly Charge - £396.96 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Cloakroom with WC
4.11 x 3.92
Fitted understairs cupboard
2.14 x 3.27
Good range of modern units
Space for fridge/freezer
Dishwasher and washing machine.
Fitted airing cupboard
Bathroom with WC:
Three piece white suite
Shower over bath
2.16 x 2.93
3.13 x 3.57 plus 0.99 x 1.56
Fitted cupboard (not included within room dimensions)
Well presented rear garden.
Allocated and visitor parking spaces
Energy Rating Band - C
Environmental Impact Band - C
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.