Looking for your dream home at the right price?
Shared ownership may be the answer.
It helps you to buy a home if you have found that the open market is out of your price range. You buy a portion of your home with a mortgage or savings and then pay rent on the rest.
Find out more details by clicking on the cover of our Shared Ownership brochure.
How much will you buy?
The share you buy is based on your income and outgoings.
You will have the opportunity to buy a share worth between 25% and 75% in the first instance. In most cases you will have the opportunity to purchase the property outright in the future.
We will require certain financial information to calculate how much of your desired property you should buy. For a full list of the documents please read the checklist for affordability.
Can you afford it?
The cost of a shared ownership property including the mortgage, rent and service charge is usually less than what a private landlord demands for a similar property.
We will work with you to ensure you do not over extend yourself but maximise your finances.
Would you like more information?
Register with Help to Buy South West to receive up to date information about all products and homes available in the south west. You may register online at http://www.helptobuysw.org.uk