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 Ridge at Rayne Road, 1-2 bed homes


Broomfield Way and Badger Mount, Braintree, Braintree, CM7 2QT

Shared ownership

Starting prices

35% share from
£87,500
Full price
£250,000
Minimum deposit
£4,375
Monthly rent
£372
Monthly service charge
£120

Overview

Reserve for just £125* – offer available until 31st October 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st October 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 42 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

 

About The Ridge at Rayne Road

The Ridge at Rayne Road offers a selection of one and two bedroom homes, with parking, available now for Shared Ownership in Essex (built by Redrow Homes). 

There is one 'last remaining' two bedroom semi-detached house available. Why not register your interest today?

Priority will be given to applications from First Time Buyers who live and/or work in the Braintree District Council with an annual household income of no more than £80,000.

Rayne Road is situated to the north east of London, with excellent road and rail connections to Colchester, Chelmsford and London beyond.

- One and two bedroom apartments and houses with parking
- Only a 15 minute walk to Braintree high street
- Braintree Station only 6 minutes drive from the site and close to the A120, with a bus route directly outside the development
- Drive to Freeport outlet shopping village in under 15 minutes

To register your interest or for any other enquiries please contact the Customer Service Team – Sales 

Please note:

Images displayed may be examples of previous Clarion Housing developments that will not always be indicative of the specification at this development and may not correspond exactly to the available properties described.


Local area information

With homes set in a peaceful location surrounded by open spaces including ponds and a trim trail, Rayne Road benefits from being close to outstanding schools and excellent local amenities on Braintree High Street just 15 minutes walk from the development.


Plot availability

Plot number 95
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £87,500
Full market price £250,000
Monthly rent £372
Monthly service charge £120
Ownership Leasehold
Plot number 97
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £88,375
Full market price £252,500
Monthly rent £376
Monthly service charge £120
Ownership Leasehold
Plot number 100
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £88,375
Full market price £252,500
Monthly rent £376
Monthly service charge £120
Ownership Leasehold
Plot number 99
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £91,875
Full market price £262,500
Monthly rent £391
Monthly service charge £120
Ownership Leasehold
Plot number 102
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £91,875
Full market price £262,500
Monthly rent £391
Monthly service charge £120
Ownership Leasehold

FAQ's

Min share price from: £87,500 for a 35% share
Full price from: £250,000
Minimum deposit from: £4,375
Monthly rent from: £372
Bedrooms: 2
Bathrooms: 1

There are 5 available ranging from £87,500 for a 35% share to £91,875 for a 35% 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

Clarion
Shared ownership

Starting prices

35% share from
£87,500
Full price
£250,000
Minimum deposit
£4,375
Monthly rent
£372
Monthly service charge
£120