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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Lionel Court, Wargrave Road1, 2 bed homes
This is a modern maisonette with private entrance available through shared ownership scheme. The property comprises of a good sized living room and separate kitchen, two bedrooms and a bathroom and separate WC. Outside there are well kept communal grounds and two allocated parking space.
A two bedrooms maisonette available through our Shared Ownership Scheme
Available for £173,250 for 55% share based on the marketing figure of £315,000
SO Resi Monthly Payment - £372.11
Monthly Service Charge - £34.49
Total Monthly Payment - £406.60 PLUS MORTGAGE REQUIRED FOR 55% SHARE