Take a look at Shared Ownership and you might be surprised at how affordable buying a new home can be.
Saving a deposit isn’t easy, but Shared Ownership allows you to buy a new home with a smaller deposit. You only need 5% of the share you are purchasing, and the share you purchase is based on what you can afford. Here are some examples:
It’s a great way to buy a new home with a lower deposit and smaller mortgage. It’s accessible and
not just for first time buyers. As long as you meet the eligibility criteria below then you could qualify:
You qualify for Shared Ownership if:
In the future you can buy more shares of you home, when you can afford to, this is called staircasing. Once you staircase to 100% you own all of your home and you don’t pay any rent!
Take a look at our Shared Ownership FAQ’s for further information or contact the team today.
Information correct at the time of publication and subject to change, please speak to a sales advisor for up to date plot availability and information.