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%.
This months incentive! Reserve for £99 and receive £500 towards legal fees on completion*
2 and 3 bedroom houses for shared ownership, part-buy part-rent in the popular village of Cottenham
• Modern white kitchen with oven, hob and extractor fan
• Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom
• White bathroom suite with over-bath shower and glass shower screen
• Downstairs cloakroom
• Private garden with shed
• Off-street parking - Driveway
*terms & conditions apply
Local area information
The development will become a thriving community of just 50 new homes. Surronded by open countryside and within a mile of local ameneties, Oakington is less than 8 miles from Cambridge.
Waterbeach railway station is a 12 minute drive away with connections to Cambridge in 6 minutes, Ely in 10 minutes and London Kings Cross in just 59 minutes, Close to the A14 and A10 with the A1(m) within 30 minutes. Stansted Airport is a comfortable 40 minutes drive away.
Complete Moves are selling these homes on behalf of Sage Housing* through Shared Ownership. With shared ownership you can buy a share of a home using a mortgage from a bank or building society and pay a subsidised rent on the remaining share. The combined mortgage and rent is normally less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you own 100% of your home. Shares on the development start from 40%.
Full market value: £315,000
25% Share £78,750 (Monthly rent: £541.41 pm)
40% Share: £126,000 (Monthly rent: £433.13 pm)
50% Share: £157,500 (Monthly rent: £361 pm)
60% Share: £189,000 (Monthly rent: £289pm)
75% Share: £236,250 (Monthly rent: £180.46 pm)
Estimated monthly service charge: £68 pm
Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.