Shared Ownership

Shared Ownership

Shared Ownership an affordable home ownership product with Help to Buy, it allows buyers to get a foot onto the property ladder. You buy a share in the property, typically 50%, and pay a subsidised rent on the remainder. In the future you can buy further shares in the property and increase you level of ownership, the rent is adjusted to reflect this.

Who can apply for new shared ownership properties?

We will typically advertise new shared ownership properties when the building commences. In order to buy one, you must be able to raise the purchase price of the share on offer (usually by mortgage). You will also be responsible for all the monthly payments – i.e. mortgage, rent and service charge.

Existing homeowners do not qualify for new properties and you must have indefinite leave to remain in the United Kingdom.

Typically, the local authority will only consider you for shared ownership if you currently live or work in the area. However, there may be exceptions to this.  We advertise all of our available new build shared ownership properties through the Help to Buy website.

You can find the Help To Buy agents for the East of England at the following website.  https://www.helptobuyese.org.uk

The Help to Buy website is also where you can get information, register and apply for properties.

Who can apply for shared ownership properties for resale?

Shared ownership properties that come up for resale are advertised for two weeks on the Home Options website on behalf of the vendor. Once this period has passed, if the advert hasn’t attracted a suitable purchaser, you can advertise the property on the open market using an estate agent.

It is no longer necessary to register with the Local Authority Home Options if it is only shared ownership which you are interested in, although you can still log into Home Options and view any available properties through South Norfolk Council’s Home Options website http://www.snhomeoptions.org.uk this will show rented properties as well as any resale shared ownership properties available.

How can I apply/receive more information about the scheme?

Please contact us on 01508 535669 for more information.

Please see our Shared Ownership brochure for a guide on Shared Ownership.


Available properties:

Park Lane/Park Close
Wymondham

Plot 5

Plot 4

Plot 2

Plot 1

Available are 4 two bedroom semi-detached new build houses with Shared Ownership.

Full Price                                   Share Example
£210,000                               50% share – £105,000

Monthly Rent                           Monthly Service Charge
£242.67                                  £5.00

Property Details

  • New build, modern 2 bed semi detached house
  • Kitchen with a range of modern wall and base units installed & tiled flooring
  • Integrated appliances – cooker, hob & extractor fan, fridge freezer and washing machine
  • Ground floor W/C
  • Stylish first floor family bathroom with shower over bath
  • 2 off road allocated parking spaces
  • 2 spacious bedrooms both with fitted wardrobes
  • Enclosed rear turfed south facing garden with patio
  • Initial share percentage purchased to be between 50-75%.

For more information, please contact 01953 423006 post@moneyproperties.co.uk


Suffield Close, Long Stratton

Share Available = 50%

Price= £110,000.00

Guide Rent= Approx £39.24

Viewings strictly by Appointment

 

Property Details

  •  3 Bed Semi Detached House
  •  1 Bathroom
  •  1x Double 2 x single
  •  Local Authority Area – South Norfolk
  • Property with stairs & no downstairs toilet
  • Heating – Electric
  • Off road parking/Driveway for two cars
  • Small front/large back garden

  These property details are set out as a general guide only and do not constitute any part of an offer or contract. Saffron Housing Trust takes no responsibility for any inaccuracies.                

To view this property please contact Miss Topley 07984370704 or Mr McWilliam 07855122324            


Sawmill Close, Wymondham

Share Available = 50%

Price= £115,000.00

Guide Rent= Approx £35.83

Viewings strictly by Appointment

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Details

  • 2 Bed Semi Detached House
  •  1 Bathroom
  •  1x Double 1 x single
  • Local Authority Area – South Norfolk
  • Property with stairs & no downstairs toilet
  • Heating – Electric
  • Driveway for 2 cars
  • Conservatory, new bathroom

These property details are set out as a general guide only and do not constitute any part of an offer or contract. Saffron Housing Trust takes no responsibility for any inaccuracies.

To view this property please contact Saffron Housing Trust – 01508 532023

 

 


Ferndale, Tabernacle Lane, Forncett St Peter

Share Available = 50%

Price= £115,000.00

Guide Rent= Approx £58.70

Viewings strictly by Appointment

 

Property Details

  • 2 bed semi detached house with a driveway
  • 1 bathroom
  • 2 double bedrooms
  • Local Authority Area – South Norfolk
  •  Property with stairs and a downstairs toilet
  • Oil heating
  •  Front and back garden
  • Applicants to be registered with Help to Buy, in need of affordable housing and fall within the qualifying local connection cascade

These property details are set out as a general guide only and do not constitute any part of an offer or contract. Saffron Housing Trust takes no responsibility for any inaccuracies.

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