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)
Norcot Road, 3 bed homes
End terrace house
Double glazed windows
Transport links and close to local amenities
Available for 50% share
A three bedroom end terrace located in Reading available through Shared Ownership Scheme
Available for £132,500 for 50% share based on the marketing figure of £265,000
SO Resi Monthly Payment - £232.58
Monthly Service Charge - £22.59
Total Monthly Charge - £255.17 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Minimum income requirement - £40,558
Buy more shares for a minimum of 10%.
2.15m x 2.6m
2.83m x 2.22m
3.99m x 4.47m
3 piece suite with shower over bath
2.52m x 3.47m
2.59m x 3.05m + 0.56m x 1.38m
2.01m x 1.86m
Gross Internal Area: 63m²
Enclosed rear garden with pathway to rear where garage is located
Energy Rating Band - B
Environmental Impact Band - D
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.