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)
Hunters Wharf, 1 bed homes
A one bedroom purpose built flat available through the Shared Ownership Scheme. The accommodation comprises of entrance hall, living room with open plan fitted kitchen, bathroom with WC and bedroom with built-in wardrobe. Within residential area opposite school with good access to amenities of Reading.
Available for £146,250 for 65% share based on the marketing figure of £225,000
SO Resi Monthly Payment - £204.18
Monthly Service Charge - £146.14
Total Monthly Payment - £350.32 PLUS MORTGAGE REQUIRED FOR 65% SHARE
Kitchen - 5.88m²
2.08m x 2.83m
Living room - 16.71m²
3.26m x .5m + 1.6m x 1.08m + 0.49m x 0.68m
Energy Rating Band - C
Environmental Impact Rating 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.