Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 4 bedroom home. Shares start from 25%
Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.
MINIMUM 25% SHARE ADVERTISED AT £113,750 – FULL MARKET VALUE £455,000.
• Monthly rent example on un-owned 75% share: £782.03
• Monthly initial estimated service charges: £39.09
• Council Tax Band: TBC
• Predicted energy assessment rating: TBC
Who can apply for Shared Ownership?
You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.
If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:
• You’ve owned a home before, but can’t afford to buy one now
• You’re forming a new household (for example, following a relationship breakdown)
• You’re an existing Shared Owner and want to move to a new home
• You own a home, but can’t afford to buy a new one that suits your current needs
If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.
At Hounsome Fields, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.
| 4 Bedroom Bungalow - Pitt, Winchester | £4,500 pcm |
| 3 Bedroom House - Nobs Crook, Colden Common | £1,300 pcm |
| 3 Bedroom House - Heathfield Close, Chandler’s Ford | £1,850 pcm |
| 3 Bedroom House - St Lawrence Road, Eastleigh | £300,000 |
| 2 Bedroom Flat / Apartment - Kenworthy Way, North Stoneham Park | £275,000 |
| 2 Bedroom House - Conway Close, Chandler’s Ford | £275,000 |
| 2 Bedroom Bungalow - Old Parsonage Court, Otterbourne | £225,000 |
| 4 Bedroom House - Lulworth Way, Basingstoke | £182,000 |
Charters Chandlers Ford
Charters Estate Agents Chandlers Ford
13 Oakmount Road
Chandlers Ford
Hampshire
SO53 2LG
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