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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Montpelier Place, 1-2 bed homes
Located in a beautiful residential area on the Brighton/Hove boundary these apartments are a stone’s throw away from the seaside and only 15 minutes walk from the Brighton train station.
Combining excellent location with elegant design, stylish interiors and open living spaces Montpelier Place is a perfect space to call your home and a true gem in the vibrant city of Brighton.
Set in the heart of Regency Brighton & Hove, Montpelier Place is a brand new development that sits in harmony with its grand surroundings, just a few minutes from the central shopping thoroughfare and the seafront.
This top floor penthouse features generous windows, ensuring the open plan interior is flooded with natural light, creating a luxurious sense of space in the apartment.
Your bespoke, fitted kitchen will feature induction hob, Hoover appliances and under unit lighting.
Bedrooms are inviting, with wool carpets and fitted wardrobes, while the bathroom is equipped with contemporary fittings and has a distinctly spa like quality.
Underfloor heating is zoned for maximum comfort and the building boasts a whole range of eco-features to keep energy bills to a minimum.
To be eligible for a home at Montpelier Place, you will need to:
- Have a gross household income of no more than £80,000 per annum.
- Be unable to purchase a suitable home to meet your housing needs on the open market.
- Not already own a home or you will have sold your current home before you purchase
- Be registered with a local Help to Buy agent
Local area information
Montpelier Place is perfectly settled on the boundary between Brighton and Hove, with only 0.5 mile to the beach.
Dubbed London-by-Sea, Brigton is a vibrant city with countless cafes and pubs, museums, theatres, music venues and lively night life. With a huge creative community, two well respected universities, a marina and excellent transport links to Gatwick airport and London, Brighton and Hove is a perfect city to live and work in.
From its piers to the Royal Pavilion, there’s nowhere quite like bohemian Brighton. It’s an exciting place to live. There are fashion and jewellery shops within a few minutes’ walk of your front door – not to mention a handy Waitrose –
and you don’t have to go much further to explore the twisting alleys of The Lanes with their intriguing choice of boutiques, galleries and restaurants.
One day you might be watching one of the famous parades go by, the next taking a boat out from the equally renowned marina. As the sun sets, you’ll find yourself dining in one of the many restaurants in Western and Church Roads or visiting one of Brighton’s lively clubs.
There are gyms and sports clubs to keep you fit, with first class football and cricket to enjoy nearby. Then, when you want some peace and quiet, the beauty of the South Downs begins right outside the town.
Prices are not available yet for Montpelier Place but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Montpelier Place but you can register your interest to be notified when prices become available.
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.