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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Downsview, 2 bed homes
A spacious 2 bedroom ground floor apartment with allocated parking situated in the popular town of Sandown.
Local area information
Downsview is located 0.3 Miles from Sandown
Sandown has excellent bus and train services. Bus services can take you to Brading and Ryde or south to Shanklin and Ventnor, also across the Island to Godshill, Newport and Cowes, whilst train services run to the neighbouring town of Shanklin or to Ryde where they connect with ferry services to Portsmouth.
Sandown sits on the Southern coast of the Isle of Wight, sheltered in a beautiful bay, and is famed for its long stretches of golden sandy beach and the traditional pier, with many amenities.
There is a great selection of attractions, including a Zoo housed in an old fort and an interactive Dinosaur Museum. You can relax and spend quality time strolling along Sandown Beach followed by an ice cream or refreshments at one of the beach cafés or restaurants. The main town beach stretches all the way along the Esplanade where it meets with Yaverland Beach, regarded as one of the best beaches and offers a range of outdoor watersports such as windsurfing and kayaking, or just a stroll taking it easy keeping a look out for fossils and enjoying the stunning views of the coast.
Prices are not available yet for Downsview but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Downsview but you can register your interest to be notified when prices become available.
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.