*Shared Ownership Scheme*
*Price Marketed At Based On 25% Shared Ownership*
BREAK DOWN OF EXAMPLES OF OTHER SHARE AMOUNTS AVAILABLE, RENT AND OTHER COSTS IN ADDITION TO YOUR MORTGAGE PAYMENT BASED ON FULL MARKET VALUE OF £262,500 :-
25% share (£65,625) Rent £451.17 pcm
50% share (£131,250) Rent £300.71 pcm
75% share (£196,875) Rent £150.39 pcm
You will pay a service charge which is tbc per year which includes buildings insurance.
You will need a minimum 5% deposit on share taken for mortgage purposes and funds to pay for solicitor fees, moving costs & furnishings.
Shared ownership provides an affordable way for you to become a home owner, by buying a share in a new home and paying a subsidised rent on the remaining share. You will then have opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.
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