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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Engineers Court, 1 bed homes
Second floor one bedroom flat in good condition available for shared ownership. This property comprises one double bedroom, open plan lounge to kitchen, bathroom with 3 piece suite with shower over bath, hallway with cupboard, includes allocated parking space and development grounds. This property is on offer by SO Resi. In residential area with good access to transport links
A one bedroom second floor flat located in Reading available through Shared Ownership Scheme
Available for £87,500 for 50% share based on the marketing figure of £175,000
SO Resi Monthly Payment - £246.96
Monthly Service Charge - £101.19
Total Monthly Charge - £348.15 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Modern fitted kitchen
2.56 x 2.72
4.59 x 6.1
3 piece suite with shower over the bath
2.96 x 3.78 plus 2.63 x 0.71
Energy Rating Band - B
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.