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%.

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The Maltings, 2 bed homes


The Maltings, Preston, South Ribble, PR1 9HH

Shared ownership

Starting prices

50% share from
£69,998
Full price
£139,995
Minimum deposit
£3,500
Monthly rent
£160

Overview

The Maltings , Penwortham  is made up of 2 apartments / houses now available on part buy - part rent. 


Local area information

Now released in the town of Penwortham is The Maltings in Penwortham, a delightful development where we have 2-bedroom apartments available.
These new homes are perfectly located for everyday amenities - including Ofsted rated ‘Good’ schools - the green, open space of Pear Tree Park just half a mile away and a wider range of shops and services available just a 5-minute’ drive away in Preston.
With these benefits, including simple access to the M6 for Blackburn and Lancaster, and the area’s ‘A’ road network, these new homes will be ideal for young professionals and growing families.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

Reserve a 2-bedroom apartment for just £99 with Home reach and Linden Homes will pay your mortgage for 6 months*

*T&Cs apply visit https://www.homereach.org.uk/terms-and-conditions for more information.


Plot availability

Plot number Apartment - 2 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £35,749
Full market price £142,995
Ownership Leasehold

A spacious 2 bedroom apartment benefitting from either a private patio area, terrace or balcony. These apartments boast 2 double bedrooms and include 2 allocated parking spaces.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

2-bedroom apartment,

Open plan living/kitchen/dining area,

En-suite bathroom,

Allocated parking,

Terrace or balcony

 


FAQ's

Min share price from: £35,749 for a 25% share
Full price from: £142,995
Minimum deposit from: £3,500
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £35,749 for a 25% 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Heylo Housing
Shared ownership

Starting prices

50% share from
£69,998
Full price
£139,995
Minimum deposit
£3,500
Monthly rent
£160