Shared ownerships and rentals
Getting on the property ladder is tough for any first-time buyer and with limited affordable housing it has never been harder. A shared ownership scheme enables first-time buyers to get their foot on the housing ladder through a part buy/part rent arrangement.
The arrangement is through the housing association and it helps first-time buyers to purchase a property at a level they can afford. This means you won’t push yourself to your financial limits and risk being unable to keep up with your mortgage repayments.
At any time you will be able to increase your sharehold in the property, with the potential to owning your home in its entirety. A mortgage will still be required and the property will need to be sold through the housing association if and when you choose to do so.
Legal advice and support
At Tayntons we are experts in residential property services and offer plenty of help and support to first-time buyers. It can be a daunting experience purchasing your first property and we are on hand to guide you through the process. We have close working relationships with housing associations in the Gloucestershire area including Bromford Housing, Sovereign Living, Guinness Homes and Somer Housing.
Why not contact us today to discuss your shared ownership purchase? We can advise you on the process of purchasing on a shared ownership scheme and relieve some of the pressure of buying your first home.
Simply call our property experts today on 0800 158 4147 or use our online contact form.0800 158 4147 firstname.lastname@example.org