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%.
West End Gateway
Homes in this phase are currently All Reserved.
To help with your search contact Clarion Housing's customer service team to find out more about new Shared Ownership homes available at West End Gateway Phase 2 - call 0300 100 0309
All images displayed are indicative only and may not correspond exactly to the available properties described.
These prices are to be used as a guideline only as they may change.
Local area information
Prices are not available yet for West End Gateway but you can register your interest to be notified when prices become available.
Plot breakdowns are not available yet for West End Gateway 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.