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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Mason Court 2, 2 bed homes
A two bedroom ground floor located in Reading available through Shared Ownership Scheme
Available for £125,000 for 50% share based on the marketing figure of £250,000
SO Resi Monthly Payment - £233.72
Monthly Service Charge - £83.06
Total Monthly Charge - £316.78 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Bathroom with WC
White suite with shower over bath. Airing cupboard.
2.40 x 2.39
Good range of units
Space for washing machine, fridge/freezer and dishwasher.
4.10 x 4.51
3 piece suite with shower over p shaped bath; refitted
3.70 x 3.43
2.41 x 3.13
Small garden area to rear (not accessible from accommodation) with shed
2 parking spaces in tandem
Energy Rating Band - C
Environmental Impact Band - C
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.