"Covid didn't stop us from getting on the property ladder"

Shared ownership is an affordable way to buy a home of your own. NCHA's customers have written about their experiences in a series of case studies, to explain what shared ownership has done for them.
Scott and Chelsey wanted to purchase their own property to raise their daughter and thanks to the shared ownership scheme in Bottesford, they’re delighted to have moved into a new 3-bedroom home.

The couple had been renting for 10 years but knew they needed some help if they were to buy their own family home. They were initially drawn to shared ownership because of the affordability and the speed of getting onto the property ladder.

“We first saw the house advertised on the Help to Buy website when we were looking into how to view shared ownership properties.”

“The property was perfect, it had the village life and good school we were looking for and it was close to our family. Although, it took a little longer than we expected, as we were affected by furlough and nearly lost the chance of getting our own home.”

Chelsey lost her job during the pandemic in 2020, this caused a little anxiety for the couple as they didn’t know how it would impact their application. Fortunately, Chelsey secured another job and their Mortgage Advisor made a case, which eventually got them an offer from Leeds Building Society.

Scott and Chelsey managed to secure a 25% mortgage, and pay rent to NCHA for the remainder. They moved into their new home when it was completed in March 2021 with just a £3,000 deposit.

“At the moment we plan on staying here whilst our family grows and hopefully we will purchase more of the property in the future thanks to staircasing.”

“There was a sense of relief the day we got our keys – we finally have our own home! We love it, it is really starting to feel like home now. It is a brand new modern family home, which we can decorate how we like.”

“We couldn’t have owned this without the help from NCHA and the shared ownership scheme. We are really grateful to be able to secure a good future for our family.”

 

If the story above has inspired you to take the next step toward buying a home of your own, search for shared ownership properties to see what's available in your area. You can also read about buying a shared ownership home.