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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Fusion, 2-3 bed homes
Fusion , Wykebeck Mount is made up of 2 and 3 bedroom houses now available.
Local area information
Be a part of an exciting new community and find the perfect place to call home at our brand new Fusion development. The latest in a number of developments which are transforming the area, this is a great opportunity to own your very own 2 or 3 bed home - just 4 miles from the centre of Leeds.
With fantastic amenities, parks, leisure attractions, choice of schools and handy transport links right on your doorstep, it’s a great place to start the next exciting chapter in your life.
Min share price from: £78,498 for a 50% share
Full price from: £156,995
Minimum deposit from: £3,350
There are 2 available ranging from £78,498 for a 50% share to £87,498 for a 50% 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.