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%.
The property comprises of a bright secure communal entrance, private front door leading to entrance hall, kitchen with space for stand-alone appliances, open-plan lounge/dining room, two double bedrooms and a bathroom with shower over bath. The property also benefits from an allocated parking space.
Length of Lease: Approx 114 Years
Council Tax Band: Peterborough Council - Band A
Gross Internal Area: 59 Square Metres