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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Lindley Village, 2-4 bed homes
Introducing North Leigh Park, a collection of two, three and four bedroom homes available to purchase through Shared Ownership in Leigh, Wigan.
What is Shared Ownership?
Shared Ownership is a part-buy, part-rent scheme for people who can't afford to buy a home with a commercially-available mortgage. It's backed by the government, and is a way to buy a share in a home now with the option to buy more of it in the future. You'll need a minimum level of income/savings depending on the value of the home you want to buy.
If you're interested in one of these properties, please contact us and register your interest to be kept up to date with the development.