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%.
NOW RESERVED - Last two bed apartment in this cutting edge collection in Bricket Wood.
Silva Boundary is a cutting edge collection of one, two and three bedroom homes available to move in now through Shared Ownership.
Set in a beautiful mature woodland setting, each home provides a blank canvas to get creative, with brand new fixtures and fittings and parking for each property.
Ideally positioned, Bricket Wood station is less than a 10 minute drive away and offers routes to a variety of destinations including central London. For those that need quick access, both the M1 & M25 are less than 10 minutes drive away.
These striking homes offer an abundance of amenities and yet enjoy a secluded setting. Bricket Wood has a range of shops and restaurants located on Oakwood Road and Bricket Wood Parade. Nearby shopping areas are Watford city Centre 5km away and St Albans city centre 4.5km away. The development is also conveniently close to a number of excellent schools including Mount Pleasant Lane and Cherry Tree Primary.
Local area information
Prices are not available yet for Silva Boundary but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Silva Boundary 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.