We are delighted that you have bought your home through Shared Ownership!
Shared Ownership is a fantastic scheme which enables you to start out on the property ladder if you can’t quite afford the mortgage on 100% of a home, or the mortgage deposit. Put simply you part buy, part rent your home. You buy a share, usually between 25% and 75%. You then pay rent to us on the remaining share of your home.
Once you have bought your initial share, your lease will outline your options to increase your equity in the property. It will usually allow you to do this in increments of 25%. Your lease will also outline whether there is a maximum percentage that you can purchase. For example, some rural areas will have restrictions where only 80% of the property can be purchased for example, to ensure that properties always remain affordable in that area.
If you would like to enquire about the possibility of increasing your equity (the process termed ‘staircasing’), please complete the Further Options Form and email to: email@example.com. Once received, one of our friendly consultants will contact you to discuss this further.
Alternatively, if you currently own a shared ownership property with us and would like to enquire about selling, please complete the Shared Ownership Resale Enquiry Form (Part A) and email to: firstname.lastname@example.org. Once received, someone in our Sales Team will contact you to discuss this further.
If you have any other enquiries about your shared ownership home, please get in touch.