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%.
Read more about Shared ownership (Opens in new window)
The Meridian, 2 bed homes
A second floor flat in good condition in Reading. The accommodation comprises of double glazed window units, wooden flooring, 2 bedrooms, one bedroom with shower en-suite and open plan sitting room and kitchen. Also includes allocated parking space, and bin and bike storage.This property is brought to you by SO Resi.
Available for £108,000 for 40% share based on the marketing figure of £270,000
SO Resi Monthly Payment - £514.23
Monthly Service Charge - £185.10
Total Monthly Charge - £699.33 PLUS MORTGAGE REQUIRED FOR 40% SHARE
3.58m x 5.12m + 3.15m x 1.31m
1.88m x 3.58m
3 piece suite with shower over bath
3.86m x 2.88m
Allocated parking space
Bin and Bike storage
Energy Rating Band - B
Environmental Impact Rating Band - C
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.