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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Whittingham Park, 2 bed homes


Whittingham Lane, Preston, Preston City, PR3 2JE

Shared ownership

Starting prices

25% share from
£27,500
Full price
£110,000
Minimum deposit
£1,375
Monthly rent
£189

Overview

Whittingham Park, Whittingham is made up of 2 bedroom homes now available through part buy-part rent.  

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**


Local area information

A range of beautiful 2-bedroom homes available to part buy - part rent in Lancashire, situated in the highly desirable area of Whittingham, near Goosnargh, a quaint Lancashire village means it benefits from an idyllic rural setting surrounded by picturesque countryside. 

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**


Plot availability

Plot number Inglewhite
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £27,500
Full market price £110,000
Ownership Leasehold

Modern open plan living, 2 bedrooms, Family bathroom, Two allocated parking spaces

Plot number Canford
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £33,750
Full market price £135,000
Monthly rent £232
Ownership Leasehold

The Canford is a 2 bedroom property which has been thoughtfully designed with both first-time buyers and downsizers in mind.

A lounge/dining room with a convenient under stairs cupboard provides the ideal space for day to day living and opens out to the garden through French Doors. There’s also a contemporary fitted kitchen and a guest cloakroom located off the entrance hall.

On the first floor, the master bedroom has an en suite shower room, while there’s also a main bathroom and a well-proportioned guest bedroom with practical storage.


FAQ's

Min share price from: £27,500 for a 25% share
Full price from: £110,000
Minimum deposit from: £1,375
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £27,500 for a 25% share to £33,750 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Heylo Housing
Shared ownership

Starting prices

25% share from
£27,500
Full price
£110,000
Minimum deposit
£1,375
Monthly rent
£189