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%.
Warwick Gates presents to you its last 2 bed home available in Warwick - a town on the River Avon that thrives on its rich history and friendly community. Hurry and register your interest today to ensure you don't miss out on this beautiful home!
Warwick Gates is less than two miles from the town centre which has a range of shops, markets, pubs and restaurants, as well as essential services. There's a choice of impressive brand new homes each carefully designed to meet the needs of today's lifestyles. So if you're seeking a superb new home close to an historic county town, your search ends here.
Local area information
Leamington Spa railway station surrounds the area and can take you to many cities such as London and Birmingham, while Warwick itself offers lots of things to do, whether you want some quiet time to yourself or are looking for a day out with the family. Activities include a trip to Warwick Castle, a stroll around Jephson Gardens in spring or a historic tour around the medieval Lord Leycester Hospital.
Min share price from: £74,999 for a 25% share
Full price from: £299,995
Minimum deposit from: £7,500
There is only one available priced at £74,999 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.