Shared Ownership schemes are provided through your local housing association. As the name suggests you shae ownership of the property with the housing association and you will pay rent to them on their share.
You can purchase between 25% and 75% of the property initially and have the option to purchase more of the property at a later time.
You will need to contact your local agent once again to check eligibility for this scheme.
Mortgages are available to enable you to purchase your share.
When talking to us about your mortgage requirements it would be useful to know what the monthly rental payment will be on the housing association share.
Please call Richard on 01252 759233 to talk about your options or you can contact us here.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.