These schemes are available through the housing association or a private developer that own the building, The details, costs and restrictions involved vary by provider, so research each one on its individual merits and read the small print of your lease.
They are aimed at buyers who can’t quite buy a home outright. The way they work is that you buy a share (between 25% and 75% of your home) and pay rent on the remaining share (usually 2.75% of the remaining share per year).
As time passes and your circumstances change you have the option to increase your share until you own your home outright. As usual, restrictions apply; you will also need a special shared-ownership mortgage to buy your share.
Please call us to discuss all the options available to you.
These schemes are available through the housing association or a private developer that own the building, The details, costs and restrictions involved vary by provider, so research each one on its individual merits and read the small print of your lease.
They are aimed at buyers who can’t quite buy a home outright. The way they work is that you buy a share (between 25% and 75% of your home) and pay rent on the remaining share (usually 2.75% of the remaining share per year).
As time passes and your circumstances change you have the option to increase your share until you own your home outright. As usual, restrictions apply; you will also need a special shared-ownership mortgage to buy your share.
Please call us to discuss all the options available to you.
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