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%.
Seaview Avenue
Overview
A bright spacious modern two bedroom terrace house located in Peacehaven, benefitting from two allocated parking spaces and an enclosed rear garden.
Local area information
The property is located within a popular modern residential development north of the south coast road in Peacehaven, convenient for the sea and for the town centre. Seaview Avenue is towards the Newhaven end of Peacehaven and is therefore convenient for the ferry port and trunk road connections in Newhaven.
FAQ's
Prices are not available yet for Seaview Avenue but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Seaview Avenue 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.
Housing Provider
