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 Pastures, 2-3 bed homes


Wesham, Fylde, PR4 3BY

Shared ownership

Starting prices

25% share from
£37,500
Full price
£149,995
Minimum deposit
£3,737

Overview

All the homes at The Pastures are built with modern family living in mind. The specification is carefully chosen for its quality, practicality and aesthetics, to meet the daily demands of modern household requirements.

The Pastures is a fabulous new development by Rowland Homes. Ideally located virtually mid-way between Preston and Blackpool, Wesham occupies a delightful position in the green and fertile Fylde countryside of Lancashire, with a village history going back to the Norman Conquest.


Local area information

The coming of the railways in the 19th century brought prosperity to the town, and today it is a thriving community thanks to local industries such as Fox’s Biscuits and many other local enterprises. Wesham benefits from a selection of local shops, plus it has a busy community centre, recreation centre and three pubs - all contributing to the town’s clear sense of community and identity.


Plot availability

Plot number Lowry
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £35,000
Full market price £140,000
Monthly rent £241

A delightful three bedroom home featuring an open-plan lounge diner with french doors leading to the garden.

Modern fitted kitchen.

First floor has a double bedroom, two single bedrooms and a family bathroom.

Available on a shared ownership basis between 25% and 75%

Plot number Gladstone
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £43,000
Full market price £171,995
Monthly rent £294

A delightful three bedroom home featuring an open-plan lounge diner with french doors leading to the garden.

Modern fitted kitchen.

First floor has a double bedroom, two single bedrooms and a family bathroom.

Available on a shared ownership basis between 25% and 75%


FAQ's

Min share price from: £35,000 for a 25% share
Full price from: £140,000
Minimum deposit from: £3,737
Monthly rent from: £241
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £35,000 for a 25% share to £43,000 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

25% share from
£37,500
Full price
£149,995
Minimum deposit
£3,737