Halam Road, Southwell
What is shared ownership?
Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
- Range of wall and base units
- Integrated oven and hob
- White bath suite
- Shower over bath
- Downstairs cloakroom with w/c and wash hand basin
- UPVC double glazing throughout
- Gas central heating with combi boiler
- Enclosed turfed rear garden
- Slabbed patio area
- Allocated parking
How to apply
If you would like to apply, please complete an application form for Shared Ownership through Help to Buy Midlands and London. You can do this by visiting their website and selecting 'Apply'.
Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 25 - 75%. If your application is successful a non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards your deposit on completion.
The properties are sold on a 125 year shared ownership lease.
You will need to have a connection to the local area in order to apply.
Monthly rent on the remaining share is £252.08, and the monthly service charge is £18.06. There is no ground rent to pay.
PEA rating: B