With Shared Ownership, you can buy a 35 – 75% share of your home now and pay a monthly payment on the remaining share of your home until you are ready to buy 100%. Buying your home in stages means you can step on to the property ladder with a smaller deposit and buy more shares as and when you are ready to.
Share Price - 35% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£77,000 |
£3,850* |
£327.70 |
£9.57* |
Share Price - 50% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£110,000 |
£5,500* |
£252.66 |
£9.57* |
Share Price - 75% |
5% Deposit* |
Rent (pcm) |
Service Charge (pcm) |
£165,000 |
£8,250* |
£126.04 |
£9.57* |
*5% Deposit based upon mortgage lender
Calculations based on Plot 27, with a full market value of £220,000.