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)

Moat at Orchard View, 3 bed homes


Vicarage Road, Maidstone, Maidstone, ME18 6DP

Shared ownership

Starting prices

30% share from
£111,000
Full price
£370,000
Minimum deposit
£4,838
Monthly rent
£517
Monthly service charge
£41

Overview

Available to reserve!


The last three bedroom house at Orchard View (29 The Glebe) for shared ownership in the quaint village of Yalding in Kent is now available to reserve.

Nestled away in the Kentish countryside, Orchard View is the perfect place to bring up a family with an abundance of schools in the catchment area. You'll enjoy true village life yet be conveniently close to the towns of Maidstone, Tunbridge Wells and Tonbridge.

All of the homes will be built to the highest standard and come complete with a fantastic specification, including:

Fully fitted Symphony Woodberry range gloss kitchen in cashmere with copper slate worktop and stainless steel splashback.
Integrated Zanussi appliances including oven, electric ceramic hob, extractor hood, washing machine and fridge freezer.
Contemporary fully fitted Roca bathroom with bath, shower, screen and heated towel rail. Saloni wall tiles in grafito.
Novilon Goliath Haussmann vinyl flooring in dark grey to all wet areas and kitchen/dining area. Goliath French Oak Anthracite vinyl to all wet areas and kitchen/dining area to plots 35 – 42. Carpet to remaining areas.
Downstairs WC.
Central heating
Rear patio and garden*
Two allocated parking spaces for three bedroom houses
One allocated parking space for two bedroom houses
12 year NHBC warranty.


*Topsoiled and seeded. Please note: The quality of soil and turf will vary depending on development and may need more cultivating depending on the time of year.


Local area information

In line with government priorities, top priority for these homes at Orchard View is awarded to serving military personnel and former members of the British Armed Forces discharged in the last two years. Priority will be given to people who live and/or work in Maidstone.


Plot availability

Plot number 39
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 30%
Minimum share price £111,000
Full market price £370,000
Monthly rent £594
Monthly service charge £44
Ownership Leasehold

FAQ's

Min share price from: £111,000 for a 30% share
Full price from: £370,000
Minimum deposit from: £4,838
Monthly rent from: £594
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £111,000 for a 30% 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.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Moat
Shared ownership

Starting prices

30% share from
£111,000
Full price
£370,000
Minimum deposit
£4,838
Monthly rent
£517
Monthly service charge
£41