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)
Ducketts Mead, 1 bed homes
A one bedroom ground floor located in Reading available through Shared Ownership Scheme
Available for a share of £114,000 for 60% share based on the marketing figure of £190,000
SO Resi Monthly Payment - £196.37
Monthly Service Charge - £108.20
Total Monthly Charge - £304.57 PLUS MORTGAGE REQUIRED FOR 60% SHARE
Minimum income requirement - £41,552
Buy more shares for a minimum of 10%
3.6 x 4.2
2.3 x 2.3
Range of modern base wall and work surfaces.Space for appliances. Gas fired boiler.
3.2 x 4.3
Modern three piece suite with shower and cupboard
Communal gardens areas. One allocated car parking space.
Energy Rating Band - C
Environmental Impact Band - B
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.