Shared Ownership
If you can't quite afford a mortgage on 100% of a home or are struggling to save for a big deposit, Shared Ownership offers you the chance to buy a share of your home. You would then be able to buy your home in stages as and when you can afford it, this is called staircasing.
How does it work?
With Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations.
To start with a share percentage will be offered, which will be between 25-75%. This will be the share you take a mortgage out for and it will become yours. This means that your deposit will be worked out based on your share price.
A registered provider will own the remainder that you don't buy and you will pay a discounted rent to them for this share.
The scheme is suitable if you:
Are a first time buyer
living in rented accommodation or with family
Have experienced a relationship breakdown
Cannot afford to buy on the open market
Is it just for first time buyers?
Shared Ownership homes are often popular with first time buyers. However, we also recognise that circumstances can change at any time in your life so our schemes are not exclusive to first time buyers. Shared Ownership could ensure you remain on the property ladder even through difficult times such as a relationship breakdown or a change in financial circumstances. They are even available for those who cannot afford a home which fits their requirements and possibly trapped in a home which is unsuitable.
Own more of your home
You can buy greater shares in your home as and when you can afford to. This process is called Staircasing. To ensure these homes always stay as an affordable home option in years to come, they have been restricted to 80% ownership.
*Service charges or management fees will apply.
How much rent will I pay?
Rent is paid on the share of the property we own. If you buy an initial 50% share you will pay rent on the remaining share that we own - the amount of rent depends on the value of your home and is reviewed annually in line with inflation.
What service does Together Homes offer?
Our specialist sales team will hold your hand from the first enquiry, throughout the shared ownership process ensuring that the details are clear, precise and easy to understand. We are on hand to answer any questions whenever they arise, we guide our buyers through the shared ownership application and then support throughout the sales process. We even hand over the keys when the sale is complete. We take control of the whole process giving our buyers complete piece of mind ensuring that they are at the heart of everything we do.
available in Hutton Cranswick near Beverley
A scheme of NEWLY BUILT homes available to buy immediately under the AFFORDABLE HOUSING SHARED OWNERSHIP SCHEME within a quiet cul-de-sac in the picturesque village of Hutton Cranswick close to shops and amenities.
These properties benefit from fully fitted modern dining kitchens with built in OVEN HOB AND EXTRACTOR INCLUDED, modern bathroom and downstairs cloakroom, private off road parking and enclosed rear gardens Within easy reach of the nearby historic town of Beverley.
Modern house with 3 Bedrooms
Family Bathrooms with bath and shower to First Floor
Modern fitted kitchen
Downstairs cloakroom with WC
Built in storage
Enclosed rear Garden
private off road parking (driveway)
within easy reach of the nearby historic town of Beverley
Close to various shops & amenities
Quiet village setting
DOWNSTAIRS
Entrance hall leading to stairs and entrance door into generously sized living room which benefits from built in TV points and under-stairs storage cupboard and patio doors leading the rear secluded gardens are laid to lawn and fully fenced for security and privacy.
The modern stylish integrated fitted Kitchens including electric oven, gas hob and chrome splashback below the cooker hood extractor.
Downstairs cloak with WC
FIRST FLOOR
There is a white modern style family bathroom with bath and shower fitted the bathroom comes complete with heated chrome towel radiator and chic tiles and fittings.
The landing also leads to the three good sized bedrooms and benefits from a built in storage area.
What service does Together Homes offer?
Our specialist sales team will hold your hand from the first enquiry, throughout the shared ownership process ensuring that the details are clear, precise and easy to understand. We are on hand to answer any questions whenever they arise, we guide our buyers through the shared ownership application and then support throughout the sales process. We even hand over the keys when the sale is complete. We take control of the whole process giving our buyers complete piece of mind ensuring that they are at the heart of everything we do.
Available in Hull
A scheme of NEWLY BUILT End & Mid Terraced 3 storey Townhouses available to buy immediately under the AFFORDABLE HOUSING SHARED OWNERSHIP SCHEME within Hull close to shops and amenities. These properties benefit from 3 Bedrooms (master en suite) and include fully fitted modern dining kitchens with built in APPLIANCES INCLUDED, 2 bathrooms and downstairs cloakroom, private off road parking and enclosed rear gardens Within easy reach of Hull City Centre and the Humber Bridge and close to the Town of Hessle and various shops & amenities
Modern 3 Storey Townhouses with 3 Bedrooms
Large bedroom Master Suite to 2nd Floor with en suite shower room
Further Two Good Sized Bedrooms to First Floor
Family Bathrooms with bath and shower to First Floor
Modern fitted dining kitchen
Kitchen appliances Built in (included)
Downstairs cloakroom with WC
Built in storage
alarm system
Enclosed rear Garden
private off road parking
within easy reach of Hull City Centre and the Humber Bridge
Close to the Town of Hessle and various shops & amenities
DOWNSTAIRS
Entrance hall leading to stairs and entrance door into generously sized living room which benefits from built in TV points and under-stairs storage cupboard
This leads through to dining kitchen.
The modern stylish fully integrated fitted Kitchens come in two colours (Grey and cream) and all have built in appliances, including electric oven, gas hob and chrome splashback below the cooker hood extractor. There are also built in fridge freezer, washing machine and dishwasher whilst recessed ceiling spotlights complete the look.
sizeable enough to be a dining kitchen there are patio doors leading to the lawned rear private garden.
Downstairs cloak with WC
the rear secluded gardens are laid to lawn and fully fenced for security and privacy.
FIRST FLOOR
There is a white modern style family bathroom with bath and shower fitted the bathroom comes complete with heated chrome towel radiator and chic tiles and fittings.
The landing also leads to the two good sized bedrooms and benefits from a built in storage area.
Stairs lead to the 2nd floor
SECOND FLOOR
where the master bedroom which benefits from built in TV points is situated which has its own en-suite bathroom complete with shower cubicle and WC again the en suite is white and comes complete with heated chrome towel radiator and chic tiles and fittings.
INFORMATION
Properties are NEWLY CONSTRUCTED and are IMMEDIATELY available with Shared Ownership ranging from 25% to 75% share with Together Housing under the affordable housing scheme
Please note that shares are available to buy from 25% to 75% (depending on affordability). You then pay a subsidised rent on the remaining share
Once you have purchased a share you will have the option to purchase further shares up to 100%, known as 'Staircasing'.
The higher the share you own the lower your rent will be - until you own 100%, then there is no rent to pay.
Help to Buy Shared Ownership is a fantastic way to start out on the property ladder if you can’t quite afford the mortgage on 100% of a similar home.
Put simply you part buy, part rent your home. You purchase a share, usually between 25% and 75%. You then pay a proportionate rent to us for the share you don’t own.
*Service charges or management fees will apply.
How much rent will I pay?
Rent is paid on the share of the property we own. If you buy an initial 50% share you will pay rent on the remaining share that we own - the amount of rent depends on the value of your home and is reviewed annually in line with inflation.
Is it just for first time buyers?
Shared Ownership homes are often popular with first time buyers. However, we also recognise that circumstances can change at any time in your life so our schemes are not exclusive to first time buyers. Shared Ownership could ensure you remain on the property ladder even through difficult times such as a relationship breakdown or a change in financial circumstances. They are even available for those who cannot afford a home which fits their requirements and possibly trapped in a home which is unsuitable.
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