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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Maple Row at Longhurst Park, 2 bed homes
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Reserve for just £99*
Limited-time offer ends 30th June 2020!
Reserving a new home at Maple Row at Longhurst Park has never been more affordable. Reserve your dream home with Shared Ownership on or before 30th June 2020 for only £99*.
Contact Clarion Housing today and find out how easy it is to reserve your new home.
*£99 reservation fee only available on Clarion Housing Shared Ownership homes until 30th June 2020. This offer cannot be used in conjunction with any other offer. Full terms and conditions available on request.
About Maple Row at Longhurst Park
Clarion Housing is delighted to present Maple Row at Longhurst Park, a superb collection of two bedroom apartments available through Shared Ownership in Surrey, that are READY TO OCCUPY.
All apartments are built and ready to go.
Applications are welcome UK-wide.
These beautifully presented new-build apartments are tucked away on the edge of a picturesque village in a leafy corner of Maple Row at Longhurst Park.
Split over three blocks, with four properties in each, these apartments are ideal for a first time buyer or even downsizers in the area.
With two spacious double rooms, modern bathroom and open-plan kitchen/living area there are also patio doors onto your very own private balcony or patio area.
Each apartment benefits from two allocated parking spaces.
Please note: Images displayed are of Clarion Housing properties at this development and the surrounding area. Prices are to be used as a guideline only as they are subject to change. Travel time sources: Nationalrail.co.uk, Google Maps, tfl.gov.uk and bustimes.org
Local area information
Located in the beautiful market town of Cranleigh and boasting a Surrey countryside views, Maple Row at Longhurst Park offers the best of both worlds. Whilst being in an ideal country setting, the city life is not too far away. With Guildford train station running regular services in and out of London it is an ideal location for those who commute.
Min share price from: £75,500 for a 25% share
Full price from: £302,000
Minimum deposit from: £3,775
Monthly rent from: £519
There is only one available priced at £75,500 for a 25% 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.