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)
Longhedge Village, 3 bed homes
>Three bedroom houses
>Available with Shared Ownership
>Deposits from £5,900^
Radian Homes are delighted to offer a collection of new homes in Old Sarum, available on Shared Ownership. Located less than fifteen minutes' drive from the historic cathedral city of Salisbury*, these new homes form part of the new Longhedge Village community. The history of Old Sarum can be traced back over 2,000 years, now offering exciting historical attractions such as the site of Salisbury's original cathedral and the Iron Age hill fort.
The village is a charming place to call home, offering the ideal blend of rural living just a short distance from a bustling city. Surrounded by plentiful green space, and just five minutes' drive away from local schools and shops, you'll have everything within easy reach at Longhedge Village.
Please note, homes within this development require prospective purchasers to have a local connection to Wiltshire (live and/or work in). For more information, contact the Radian Homes team.
^Affordability and eligibility criteria apply. All figures are illustrative based upon buying a minimum share. Purchase share values will be determined based upon applicant’s individual financial circumstances, in line with Homes England guidelines. Applicants will be referred to a nominated mortgage advisor for a financial assessment and will be expected to maximise the percentage of share they purchase. ^Please note, all service charge prices are estimated and may be subject to change. Radian Homes reserve the right to change service charge prices.
Images may be computer generated and are for illustrative purposes only, so may not be representative of exact plots. Images may be of a different model of home. Individual specification, fittings and features such as windows, brick, carpets, paint and other material colours may vary. Any furnishings are for our show home and not included in any sale, but are for guidance only.
Local area information
Min share price from: £118,000 for a 40% share
Full price from: £295,000
Minimum deposit from: £5,900
Monthly rent from: £406
There is only one available priced at £118,000 for a 40% 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.