shared ownership
shared ownership
Shared ownership, what is it?
Shared ownership is a “part buy, part rent” scheme and can be an affordable 1st step on the property ladder. It is aimed at helping 1st time buyers but it is also open to anyone who can demonstrate that they fulfil the eligibility criteria.
The scheme allows you to purchase a share of the property and pay a discounted rent on the remaining share. Purchasers are only required to obtain a mortgage for the value of the share being purchased and usually the cost of the rent plus mortgage will be less than a full mortgage on the property.
To make an enquiry about a shared ownership property you can submit an online expression of interest or for further details and a full application pack please contact us 01274 254275 or write to Incommunities, Shared Ownership Officer, Trust House, New Augustus Street, Bradford BD1 5LL
If you are interested in applying you can read the Home Ownership Eligibility Criteria document below and download and fill in the Expression of Interest form and send it by post or fill in and submit the on-line Expression of Interest form:
New build shared ownership opportunities available:
East Parade, Ilkley - 3 bed terrace
25% share £46,500, £319 rent/month, £10 service charge/month (variable)
50% share £93,000, £213.12 rent/month, £10 service charge/month (variable)
this family property has recently been refurbished throughout and benefits from entrance hall, lounge, dining kitchen, utility room, 3 bedrooms, study, bathroom and separate wc. To the outside is a small front garden and rear yard. Available for occupation from April 2008. This property is being sold for owner occupation only.
Norwood Avenue, Burley-in-Wharfedale - 2 bed flats
prices from £130,000
25% share £32,500, £243.75 rent/month
new build 2 bedroom apartments with parking space. The properties are fully double glazed and centrally heated with great road and rail links into Leeds and Bradford. These properties are currently under construction.
Saffron Drive, Allerton - 3 bed town house
prices from £123,500
50% share £61,750, £115.78 rent/month, £10 service charge/month (variable)
Saffron Drive, Allerton - 3 bed semi detached
prices from £125,000
75% share £93,750, £58.58 rent/month, £10 service charge/month (variable)
The Dell, Cullingworth - 2 bed new build house
50% share £75,000, £171 rent/month, £10 service charge/month (variable)
Highgate, Clayton - 1 bed cottage
50% share £42,750, £106.87 rent/month
this is a delightful refurbished cottage property which benefits from gas central heating, upvc double glazing, en-suite bathroom. Available for occupation from May 2008.
Other new build properties available in the following areas:
Allerton - new build 3 bed houses available
Bierley - new build 3 bed houses available
Burley in Wharfedale - new build 1 and 2 bed apartments available
Cullingworth - new build 2 bed houses available
Keighley - new build 2 and 3 bed houses available
Wyke - new build 3 and 4 bed houses available
For further information or an information pack about the scheme please contact us:
Incommunities
Shared Ownership Officer
Trust House
New Augustus Street
Bradford BD1 5LL
telephone 01274 254 127
fax 01274 254 015
email affordablehomes@incommunities.co.uk