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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Whittaker Drive, 3 bed homes
A two bedroom end of terrace located in Horley available through Shared Ownership Scheme
Available for £148,000 for 40% share based on the marketing figure of £370,000
SO Resi Monthly Payment - £421.50
Monthly Service Charge - £41.95
Total Monthly Charge - £463.45 PLUS MORTGAGE REQUIRED FOR 40% SHARE
The gross internal floor area amounts to 73m2
The accommodation comprises:
Open plan Living, dining and kitchen area.
Downstairs toilet and family bathroom is upstairs.
Three bedrooms upstairs.
All windows are double glazed.
Outside Enclosed rear garden 2 car parking spaces to the rear of property that are allocated.
Services We have assumed that the main services of electricity, water and drainage are connected.
Gas Central Heating throughout.
Energy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.