Shared Ownership is all about getting your foot on the property ladder. It’s a good alternative to renting if you can’t afford the deposit to buy a house.
You buy a share in a home and then pay a reduced rent on the share that you don’t own. Shares range from 25% to 75% initially, with the option for you to buy more shares once you’ve moved in.
Before arranging a viewing for a Shared Ownership property you should fill in and return our Shared Ownership Application Form.
Shared Ownership Application Form
As we’ve already mentioned, shares in our Shared Ownership homes range from 25% up to 75% initially. However, you can own more shares in your home, 100% in fact – which is what’s known as staircasing.
It’s an affordable way to own a home. The more shares you own, the less rent you pay and it also means when you come to sell, if the value of your home has increased, you could make more profit!
You don’t have to buy the remaining shares all at once, you can do it in affordable stages, but we’d suggest you wait until you can afford to buy at least an additional 10%, to make it worthwhile.
If you’d like to buy more shares in your home, please get in touch with a member of our team and we’ll be more than happy to go through the options with you.
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