What is shared ownership?
Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. NCHA 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%.
Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.
- Range of wall and base units
- Integrated oven and hob
- White bath suite
- Shower over bath
- Downstairs cloakroom with WC and wash hand basin
- UPVC double glazing throughout
- Gas central heating with combi boiler
- Enclosed turfed rear garden
- Slabbed patio area
- Allocated parking
Viewings and reservations
Before arranging a viewing, you will need to register your interest with Help to Buy Midlands and London by completing an application through their website. Once assessed, they will forward your application form to us. If your application is successful we will contact you to arrange a viewing.
A non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards you deposit on completion.
The properties are sold on a 125 year shared ownership lease.
PEA rating: B.