Exploration Way, SL1 3GX

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Horlicks Quarter you can buy a minimum 10% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide
• This will be your only residence
• You are a permanent UK resident or have indefinite right to remain

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and are subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

^^LEGAL FEES PAID UP TO £500 INCENTIVE – Horlicks Quarter January 2025

1. Available on plots 118,125,129,141,148,153,160,165,172,177,184,185,189,197,198,201,208,209, 211 and 215 at Horlicks Quarter only. Offer is to provide up to a maximum of £500 (including VAT) towards legal fees on the date of legal completion.

2. Only applicable to new reservations from 01 January 2025, when reserving on or before 5.00pm on 15 February 2025. Subject to contract. Exchange of contract within 42 days.

3. An allowance of £500 will be deducted from your final balance to pay on completion and reflected on your completion statement as 'incentive for legal fees'

4. This offer cannot be used in conjunction with any other offer. Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.