The costs of buying are also kept low, as your deposit is based on the price of the share, not on the home’s full value.
Blenheim Estate owns the remaining share of the home, on which an affordable rent is paid. Generally, the total rent and mortgage payments are less than a similar home purchased outright or rented privately.
For example, if you wanted to buy a 40% share in a property worth £310,000, the equity you would pay rent on is £186,000. Rent is charged at 2.5% on the un-owned equity share, in this example equating to £387.50 per month.
Should you buy less than 70% of a home initially you have the opportunity to buy further shares in the home– this is called Staircasing. Blenheim Estate allows you as a shared owner to staircase to acquire 100% of the property.
Contact your own Financial Advisor to determine the percentage of the property that you can afford, then it's time to arrange viewings and visit the properties that have caught your eye.
For further information please email our Housing officer at email@example.com
Your annual household income needs to be less than £80,000 per year and you need to prove you cannot afford to buy a suitable home on the open market. You should have savings of approximately £3,000 to cover legal fees, plus savings towards your mortgage and deposit (affordability will be assessed). Please contact our team for more information.Contact
Help to Buy South are on hand to assess your eligibility to purchase a shared ownership property. If you meet the basic eligibility criteria you can register to search for available properties.Register
We have a selection of properties either available for Shared Ownership or coming soon. To check the latest availability, please contact our team for more information or view the properties via the button below.View homes