Brand new development called Ash Meadows is a group of Shared Ownership homes situated in an enviable position, close to the sought-after towns of Warwick and Leamington Spa.
Shared ownership, also known as part buy/part rent. This works by allowing you to buy a share of your home and pay a subsidised rent on the remainder, which is owned by a housing association. The share you buy can be anything from 25% to 75%, and you can continue to buy shares until you own 100% of the property. This is called staircasing.
You’ll be expected to buy the largest share you can afford - but don’t worry - the key word there is “afford” and you’ll be able to discuss what is right for you.
And don’t worry – you don’t have to share your home with a stranger! When they hear the words “shared ownership”, so many people automatically think they will have to share their home with someone else. However, a shared property is only split financially between you (the buyer) and one of the many housing associations, so rest assured you will be able to enjoy your new home in peace!
For more information read article: Exploring Help to Buy and Shared Ownership schemes