What is Shared Ownership? Find out more
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
|Minimum share price from||£497,500 for a 50% share|
|Full price from||£995,000|
|Minimum deposit from||£99,500|
|Service charge from||£95|
Gladstone Village; a new cluster of family homes and one and two-bed apartments and 4-bed houses that seems almost too good to be true. Offering the very best in modern living space with a host of inclusive features from underfloor heating to high quality integrated appliances to the white/anthracite gloss kitchens.
|Status||Plot. no||Beds||Minimum share price||Eligibility|
|Available||Cedar C||4||£497,500||View details|
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