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 Place, 2 bed homes


Whittingham Place, Whittingham, Preston, Preston City, PR3 5DD

Shared ownership

Starting prices

50% share from
£75,000
Full price
£150,000
Minimum deposit
£3,750
Monthly rent
£172

Overview

Whittingham Place, Preston is made up of 2 apartments now available on part buy - part rent. 


Local area information

An exclusive development of luxury homes, designed for growing families and busy lives. With its sweeping central avenue and spacious green areas, Whittingham Place has been sympathetically designed to sit amongst the natural landscape, attracting birds and wildlife. The mix of house types and site layout has been purposefully chosen to deliver community and cohesion.

-Every home at Whittingham Place is designed with ‘real living’ in mind.


Plot availability

Plot number Aintree Apartments
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £35,000
Full market price £140,000
Ownership Leasehold
  • 2-bedroom apartments available on Ground Floor, First and Second Floor
  • Ensuite to bedroom 1
  • 1 car parking space per property
  • External rear light 
  • Space for fridge freezer
  • Lounge, kitchen and dining area
  • Built under 5 function double oven with a 4 burner ceramic hob with stainless steel extractor fan over
  • Integrated washer dryer
  • Separate bathroom

 *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**


FAQ's

Min share price from: £35,000 for a 25% share
Full price from: £140,000
Minimum deposit from: £3,750
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £35,000 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

50% share from
£75,000
Full price
£150,000
Minimum deposit
£3,750
Monthly rent
£172