Don't be spooked by Shared Ownership
Are you thinking of buying a new home this Autumn? It may be spooky season, but there's no reason to be frightened of Shared Ownership. So, put your mind at ease with our top reasons to choose this government-backed scheme.
What is Shared Ownership?
Shared Ownership is a scheme that allows you to buy a percentage share of a property and pay a reduced rent on the rest. We've helped thousands of happy customers make their move, so you can be sure that our new homes are far from haunted.
It's a great option for first-time buyers
Taking your first step onto the property ladder is an exciting time. And, with Shared Ownership, you could start your home ownership journey sooner than buying on the open market. What a treat! With deposits starting from 5% of the share you buy, the day you buy your first home could be closer than you think. Let's see an example:
- for a home worth £250,000
- you buy a 40% share worth £100,000
- which means a 5% deposit from £5,000 (based on a 40% share)*
There are a few important things to consider before you start the buying process. So, check out our first-time buyer top tips to see what's in store.
New homes to last a lifetime
Are thoughts of energy bills giving you chills? Don't worry - our homes are built with energy-efficiency in mind. You'll have great insulation to keep out ghastly winds, and modern, fitted kitchens too. So, you could spend less on your energy bills, and more on the things you love. Sounds good, right? But the benefits of buying a new home don't stop there. Find out more on our blog.
We'll guide you through the process
We'll be on hand to explain everything you'll need to know about buying your new home. So, you'll be well informed of the documents you might need and the details of the Shared Ownership scheme. From local area connections to buying more shares of your home after you move in, we're here with you every step of the way of your new home journey.
So, are you ready to get started with Shared Ownership this halloween? Time to bring your home buying journey to life.
*Reservation will be subject to a satisfactory financial assessment. Completion dates are subject to change. Affordability and eligibility criteria apply. All figures are illustrative based upon buying a minimum share. Purchase share values will be determined based upon applicant’s individual financial circumstances, in line with Homes England guidelines. Applicants will be referred to a nominated mortgage advisor for a financial assessment and will be expected to maximise the percentage of share they purchase. Terms and conditions apply, all purchases are subject to affordability and eligibility, and only available on selected developments and properties in England only. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP ON YOUR MORTGAGE.
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