Shared ownership or part buy / part rent is available on our brand new homes. Shared ownership provides you with an affordable way to take the first step onto the property ladder. You do this by buying a share in a new home allowing you to part rent and part buy a property. You can buy shares between 25% and 75% of the market value and pay us a subsidised rent on the remaining balance.
Most people have the opportunity to then buy more shares in the home. This is a term known as ‘staircasing’. As you buy more shares in your new home the rent you pay reduces accordingly, and by building up the shares eventually you can own 100% of the property which means there is no longer rent to pay.
You can also find some more useful information by visiting the Leasehold Advisory Services website.
Our shared ownership homes are available now
Are you looking to get onto the property ladder, but can't quite afford it? We can help! Our shared ownership scheme has been designed specifically for those who have a small deposit available but can't quite afford the mortgage on 100 per cent of a home. Buying a Shared Ownership property gives you the chance to buy a share of your home (between 25-75% of the property value) and pay rent on the remaining share. As and when you can afford to, you can buy bigger shares and eventually own 100% of your home.
Have a look a the properties we have available by clicking here. If you'd like more information, feel free to get in touch with us.