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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Timeless, Leeds, 2 bed homes
Coronavirus: our sales offices and show homes are closed
Our offices may be closed but don't worry we're still here to help in any way we can. Our dedicated sales agents, William H Brown, are working from home and are still contactable by clicking on the 'Register Interest' link.
Our homes at Timeless - available to reserve immediately
There are four well-designed, 2-bedroom homes on offer which are perfectly suited for couples, downsizers or a small family.
All these homes come with a great level of specification throughout, with the ground floor boasting a kitchen/diner opening out to the rear garden and a spacious lounge adjoining it. Moving upstairs you’ll find two generously sized bedrooms, one with in-built storage.
Being a modern, brand new home, you’ll benefit from superb efficiency meaning that your home will be kept warmer whilst saving you money on your fuel bills every month.
This limited collection of homes is offered to you under shared ownership, which means you can be living in one of these new homes by only purchasing a share between 25% and 75% and paying rent on the rest. It’s a simple and cost effective way of owning your own home.
Local area information
Situated perfectly for convenience with a number of large stores over the road, along with a handful of restaurants and eateries close by. There’s also a number of landscaped parks nearby, with the closest being Primrose Valley Park – a large open space featuring woods & meadows, all connected by a series of walking paths.
Crossgates Shopping Centre located a mile away is home to a collection popular high street stores and cafes. Just outside the shopping centre, you’ll find an area packed full of independent stores and businesses.
For both growing and aspiring families, there are three primary schools all within a mile or so of the development, and for secondary school children, there’s three schools nearby.
Pursue the city life by hopping on a bus and be in the heart of Leeds in just 20 minutes. The city of Leeds needs no introduction, with its vast array of shops, restaurants and bars, there’s always a reason to pay it a visit.
Prices are not available yet for Timeless, Leeds but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for Timeless, Leeds but you can register your interest to be notified when prices become available.
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.