Shared Ownership is a Housing Option for people who cannot afford to purchase a property outright. Shared Ownership simply allows people to purchase a percentage of the property and rent the remainder. This may be an affordable housing option which helps someone to take their first step toward home ownership.
Each scheme is different but Shared Ownership is usually offered by Registered Providers (e.g. Housing Associations and companies who provide affordable housing). The buyer purchases a percentage of the property by raising a mortgage (the lowest share representing 25% of the full market value of the property) and then paying rent for the remaining share of the property which is owned by the Registered Provider. At a later date it may be possible to purchase an increased share of the property.
If you are interested in this Housing Option you should apply to join the housing register indicating in Section 14 your interest in low cost home ownership. This helps us to quantify the need for this type of accommodation in the district.
You are advised to visit our website on a regular basis for future Shared Ownership properties which may become available.
You may also wish to register with local Estate Agents and look on www.rightmove.co.uk as they advertise the re-sales of shared ownership properties.
Shared ownership can also provide a housing solution for Disabled people (known as HOLD) and for older people aged 55+ (known as OPSO) – to find out more about either of these schemes and whether you are eligible to apply, click on the appropriate link below
Check out available shared ownership properties in the district with Stonewater Homes by clicking on the link below:
Check out available shared ownership properties in the district with Waterloo homes by clicking on the link below:
Check whether there are any available shared ownership properties in the district owned by the Longhurst Group by clicking on the link below:
Check whether there are any available shared ownership properties in the district owned by Stonewater by clicking on the link below:
Useful website for Shared Ownership properties: