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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North Court1, 2 bed homes
A modern sixth floor flat vailable through Shared Ownership Scheme. The accommodation comprises of entrance hall, storage cupboards, two bedrooms, bathroom and open plan kitchen and living room. There is a balcony off of the living room with impressive views over local countryside. The property has electric heating and double glazing. There is an allocated parking space.
Available for £76,500 for a 30% share based on a market value of £255,000
SO Resi Monthly Payment - £364.13
Monthly Service Charge - £182.71
Total Monthly Charge - £546.84 PLUS MORTGAGE REQUIRED FOR 30% SHARE
Bathroom with wc
Shower over bath
4.82 x 2.79
2.56 x 3.69
Living room with Open Plan Kitchen
6.63 x 3.97
Good range of modern units
Energy Rating Band - C
Environmental Impact Band - C
All room dimensions approximate.
Please note figures given for rent and service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.