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£92,500
Two-bedroom, ground floor apartment for Shared Ownership resale
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
Am I eligible?
Serving MOD will be given priority. If your annual household income is more than £80,000 you will not be eligible.
You will also need around £5,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including council tax, gas, electricity and water.
A spacious, modern ground floor two-bedroom apartment is available on a shared ownership resale purchase based on a 50% share at £92,500.
Purchase breakdown
Shared ownership - minimum share of 50% at £92,500.
Monthly rent of £286.95
Monthly service charge of £179.25 (within the financial year (ending 31 March 2027) - subject to final confirmation)
Council Tax Band: B
EPC: B
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.