Shared Ownership

Can’t afford to buy your home outright? You are like many people these days. So, why not buy a share in a property? You decide how much that share should be – 25%, 50% or 75%. It depends on what you can afford. The balance is then simply paid in “rent” to us. The beauty of the scheme is its flexibility. You buy what you can afford. You will pay slightly more than a standard rent but potentially not as much as a mortgage on the whole property would be.

The benefit is that from day one you have a direct investment in the property and will gain from any increase in its value when you want to sell. If your circumstances change after each year you can increase your share until you own the house outright. The choice is yours.

What could be easier? You get a mortgage for the value of the share you want to buy and then pay a rent on the balance. And if the value of your property increases, you will make a gain, whatever your share.

Further info on Shared Ownership