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%.
A spacious, modern and well presented two bedroom ground floor apartment located in the popular town of Folkestone.
This well presented ground floor two bedoom apartment is located in Kings Way, Folkestone. The property is ideally situated within easy reach of local amenities including the Eurotunnel and Folkstone Central station.
An intercom entry-controlled communal entrance leads to the property, accommodation of which provides entrance hall, two bedrooms, bathroom/wc with the kitchen and lounge laid out in an open plan style which is perfect for entertaining family and friends.
The property benefits from one allocated parking space.
Local area information
Access to public transport, including buses and trains are close by as is the local sports centre offering a variety of activities including ski slopes, swimming pool, health and fitness suite, golf and squash courts.
The location of the property is convenient for the local supermaket, DIY stores and fast food outlets. The main town centre of Folkestone, with its variety of shops and restaurants is easily accessible.
The M20 junction is within a few minutes drive together with Folkestone Central train station offering a fast link into London.
The harbour is only 1.3 miles away.
Prices are not available yet for Ruskin House but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Ruskin House but you can register your interest to be notified when prices become available.
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.