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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New Barn Lane, 2-3 bed homes


New Barn Lane, Bognor Regis, Arun, PO21 5DB

Shared ownership

Starting prices

30% share from
£60,000
Full price
£200,000
Minimum deposit
£3,000
Monthly rent
£321
Monthly service charge
£158

Overview

A scheme providing 13 beautiful new homes in Bersted, West Sussex, available through Shared Ownership.

These are a mixture of apartments, bungalows, and houses and are being delivered as part of a larger Linden Homes development, where a total of 90 new homes are being built.

*Images used show the typical finish of previous Optivo show home(s), and are for illustrative purposes only. Features shown may vary.


Local area information

Bognor Regis is lively – especially in summer - with plenty to do from sailing and windsurfing to relaxing on the beach. The younger members of the family will always enjoy a day out by the sea. When the sun goes down, Bognor Regis is home to fashionable bars and entertainment centres including the Picturedrome cinema and The Alexandra Theatre at the Regis Centre which offers a programme of music, comedy and drama.

Chichester, just five miles away, is famed for its cathedral and the Festival Theatre in Oaklands Park, and for elegant Georgian streets, lined with shops, restaurants and café bars. Within half-an-hour’s drive of North Bersted, you could be exploring the glorious nature reserve at Pagham Harbour or the stunning countryside of the South Downs National Park. The Weald & Downland Open Air Museum at Singleton, with its reconstructed houses, is a fascinating place to visit, as is Fishbourne Roman Palace, near Chichester – and there’s always the thrill of motor racing, track days and horse-racing at Goodwood.


Plot availability

Plot number 29-33 & 48
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £60,000
Full market price £200,000
Monthly rent £321
Monthly service charge £158
Ownership Leasehold
Plot number 34-37
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £97,500
Full market price £325,000
Monthly rent £521
Monthly service charge £44
Ownership Leasehold

FAQ's

Min share price from: £60,000 for a 30% share
Full price from: £200,000
Minimum deposit from: £3,000
Monthly rent from: £321
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £60,000 for a 30% share to £97,500 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.

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

Housing Provider

Optivo
Shared ownership

Starting prices

30% share from
£60,000
Full price
£200,000
Minimum deposit
£3,000
Monthly rent
£321
Monthly service charge
£158