All about Shared Ownership
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Home Reach part-buy, part rent is where you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a cheaper home or a smaller share of a more expensive home.. Part Buy Part Rent Options Part buy, part rent is an affordable way to enjoy life in our retirement apartments without committing to the full purchase price. It’s perfect if you want more financial flexibility, now or in the future.. Shared ownership – Cornerstone Housing Otherwise known as part-rent, part-buy the ‘Shared Ownership’ scheme is suitable for anyone who can’t afford a mortgage on 100% of their home. Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home's value) and pay rent on the remaining share.. Wayhome
Buy more each month or in lump sums The more you buy, the less rent you pay. Find out how to start. Read more about Wayhome Read more about how Wayhome works. . But because you part-own and part-rent your home, it’s easy to get us confused with Shared Ownership schemes. We’re actually very different. Here’s how:.
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Here are the 10 key steps to buying a home through shared ownership / part-buy part-rent Find out what you need to do. Meet our shared owners. Find out why shared ownership works for people like you Read their stories. Our homes. Enhanced specifications, extra features and low running costs. Find out what makes a new home from Platform Home . . Shared Ownership
You find a home with a Shared Ownership purchase option and you buy a share (usually from 40% to 75%) making it affordable. You pay Aster rent on the remaining bit. When you’re able to do so, you can buy more shares (called Staircasing) eventually leading to outright home ownership (in most cases, just ask our team first).. Buy a bit, rent a bit with Shared ownership & Equity . Shared ownership is part buy, part rent. This means you will have a mortgage on the share you own, and pay rent on the remaining share. For instance, if you buy a 25% share of the property, you'll pay a mortgage on the 25% share, and rent on the remaining 75% share. Usually, you can also carry on buying shares, to own it 100%.. Wayhome