What is Shared Ownership?
Shared Ownership is a great way for you to get a foot on the property ladder if you can’t afford to buy a home outright on the open market.
It can take away the pressure of having to save for a high deposit or having to make large mortgage repayments.
Essentially, it means you’ll be buying a share of your home – up to 75 percent - and paying an affordable rent on the remainder.
For example, if you were to buy 50 percent share of a home worth £200,000, this could be a five percent deposit of £5,000 and a mortgage of £95,000 on the remaining 45 percent, you'll then only pay us an affordable rent on the remaining 50 percent share. The rent that you'll pay us will also include buildings insurance and management company charges, if applicable.
Deposits for Shared Ownership properties could start from as little as five percent. If you get a mortgage on your share of the property, your mortgage is based on the percentage share you own.
This means you get the home that you want, at an affordable price and through a monthly repayment that’s achievable.
Want to find out more about Shared Ownership?
You can discover more about Shared Ownership here at Longhurst Group by clicking this button
Would you like to contact us and go through your options?
Looking to move on from Shared Ownership?
We are here for you throughout your whole Shared Ownership journey. If your circumstances change and you wish to staircase your property or sell your home, we're here to help.
You can find out more about Staircasing here
➡️ Staircasing your home
You can find helpful information about selling your share here
➡️ Selling your share.
Don't just take our word for it - look at what some of our customers stories
“I’d 100 percent recommend Shared Ownership with Longhurst Group.” Click on the link to find out more about Paulina's story
Read Sharon and Steven's story on how they bought a 50 percent stake in a Shared Ownership home on our Heron Park development…