Shared Ownership

What is low Cost Home Ownership?

Low cost home ownership is an opportunity to purchase a property in full at a reduced cost. For example you may buy a property with a 30% discount or the price may be based on average local income. More details can be found under the properties for sale section.

How does Shared Ownership work?

You can buy your home in parts. Normally there are four equal parts of 25%. Any parts you don't buy now, you may be able to buy later.

If you see a shared ownership property advertised on the open market it will state the amount of equity that is available on the property. This could be a 25% , 50% or 75% share. Once you have made the initial purchase you will be eligible to purchase further shares.

How much a part costs will depend on the value of the property at the time that you buy that part. Buying another part later will cost more if the value of the property has gone up, or less if the value of the property has gone down.

Who can become a shared owner?

Shared ownership is for people who want to buy a home of their own, but who can't afford to pay the full price straight away.

You can download our information booklet about Considering Shared ownership.
For further details please contact Matthew Beckley or a member of the sales team on 01568-619609 or sales@marchesha.co.uk.

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