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 Woodlands by Heylo Housing, 2-3 bed homes
In a fantastic location on the edge of the countryside, but with all the modern amenities you’ll ever need on your doorstep, The Woodlands is a great place to call home.
A range of 3-bedroom houses is available with 2-bedroom units coming up soon. Target completion dates - November-December 2017
Local area information
Nearby Parbold Railway Station is just 2.5 miles away and offers regular services to Southport, Manchester and Leeds. The development is a few minutes’ drive from junction 4 of the M58. The modern and vibrant Liverpool city centre is just 17 miles away.
There's a number of schools and West Lancashire College nearby. A Post Office, mini-market, chip shop, deli, hairdressers, pharmacy and more are a short walk from The Woodlands.
Whether you’re looking for a first home that combines great value and high spec, or you’re a growing family in need of more space in a location that’s perfect for you and the children, you’ll find it here.
Min share price from: £45,249 for a 25% share
Full price from: £180,995
Minimum deposit from: £3,050
There is only one available priced at £45,249 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.