Shared Ownership

If outright purchase isn’t an option there is still a far better alternative to renting.

Shared ownership allows you to buy an initial share in one of our homes that you can afford. This means that you can get into home ownership in manageable stages.

In the future you can simply sell your share for its value at the time. Alternatively you can buy further shares in your home, until you own it outright.

We offer initial shares between 25% - 75% of the current value of the property. In the future you can simply sell your share for its value at the time. Alternatively you can buy further shares in your home until you own it outright.

You pay a subsidised ‘rent’ on the remaining share that you haven’t initially bought; this means that your monthly outgoings will be affordable in relation to your income.

Example:

• Value of house = £160,000
• 40% share = £64,000
• Monthly payments on £60,800 mortgage @ 6%* = £390
• Monthly ‘rent’ on as yet un-purchased (60%) share = £220
• Total monthly mortgage/rent outgoings = £610

* Based on a 25 year repayment mortgage; please note mortgage rates vary

Please note all property reservations are subject to an administration fee.