Shared ownership – key things to know
Shared-ownership makes home ownership more affordable because you can part-buy and part-rent your home.
It is particularly helpful to first-time buyers as they avoid paying a large deposit often required on the open market.
With the shared ownership scheme, you might buy a 25, 50 or 75 per cent share in your home. You pay a rent on the share that you do not buy normally set at a rate of around 2.75 per cent. The bigger the share that you purchase, the less rent you have to pay.
When you can afford to do so, you can buy more shares until you own your home outright in a process known as staircasing.
Sunday and Monday evenings £12.00 per head for an all inclusive meal with Indian and Thai cuisine (normal price £14.50).
Bring this voucher to the restaurant complete with your name and email address on it.
Terms: Expires 31st July
Contact: 01452 223782
Valid until: Wednesday, July 31 2013
Homebuy is the Government's range of shared ownership housing schemes including part-rent part-buy, rent-to-buy and shared equity or equity loan schemes such as FirstBuy and HomeBuy direct.
â Turn to our special feature in our New Homes section on pages 22 & 23.
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