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%.
Don’t miss your chance to own a 75% share in this stunning two bedroom, second floor apartment located in the heart of Brighton city centre.
Local area information
Brighton is a bustling, vibrant, dynamic and exciting city with so much to explore and discover from the Royal Palace, fascinating museums, stunning beaches, an array of boutique and unique shops, coffee shops, bars, clubs, restaurants, theatre, cinema and casino!
Brighton Racecourse is a short walk from the apartment and is perfect for a day out. Events held throughout the year include live music events, open air cinema, seasonal fairs and the highlight is the three day Brighton Festival which takes place in August.
Sit and enjoy a delicious dinner at the beautiful Brighton Marina whilst admiring the pretty quay and superb boats!
The South Downs National Park is nearby offering stunning walks, cycling routes and is home to the spectacular Seven Sisters cliffs.
Min share price from: £240,000 for a 75% share
Full price from: £320,000
Minimum deposit from: £12,000
Monthly rent from: £166
There is only one available priced at £240,000 for a 75% 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.