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)
Homersham, 2 bed homes
Homersham, Canterbury, Kent, CT1 3RL
Available through a shared ownership resale scheme, a well presented two bedroom, first floor apartment situated in Canterbury, Kent and close to amenities.
The property comprises of a secure private entrance, two built in cupboards in the hallway, open plan living/dining room area, fitted kitchen with inbuilt oven & hob, two double bedrooms, the ensuite bedroom fits a king size bed, family bathroom with shower over bath, double glazing throughout and fitted carpets. The property also benefits from access to a well-maintained communal garden and an allocated parking space.
Length of Lease: Approx. 110 Years
Council Tax Band: Canterbury Council Tax Band - C
Gross Internal Area: 56m2
Property Value = £190,000
Percentage Share = 35%
Share Price = £66,500
Monthly Rent = £453.55 (up to 31st March 2020)
Monthly Service Charge = £104.47 (up to 31st March 2020)
Monthly Mortgage Payment** = £333
Household Income Required = £31,000
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%
Your home may be at risk if you do not keep up your mortgage and rent repayments.
Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.
Areas, distances or measurements referred to are approximate.
For confirmation of property details refer to the terms of the lease and plans from your solicitor.
Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Call 0345 606 1221 or email email@example.com
Local area information
• Situated in a sought after area of Canterbury, apartment located 0.8 miles from Canterbury East over ground which provides fast and efficient services to Dover Priory and London Victoria.
• Whitefriars shopping centre is also conveniently located 1.1 miles from the apartment which has over 70 of the countries fashion and lifestyle retailers.