Dreams of home ownership are coming true for house hunters at Brooklands Square.
The Shared Ownership scheme available at the development, allows house hunters, including first time buyers, the chance to realise their dreams and own one of the contemporary properties in Brooklands.
The new phase of homes will feature a range of spacious two bedroom apartments from £265,000 on the Shared Ownership scheme.
Shared Ownership in England allows you to purchase a share of your home. This is usually between 25% and 75% of the property’s value and you then pay rent on the remaining share.
As you are buying a share of the property, the deposit amount needed will be smaller which make this option more affordable.
Example:
- Purchase price £200,000
- You purchase a 60% share = £120,000 funded through a combination of deposit and mortgage
- You rent the remaining 40% share from us = £80,000 x 2.5% rent (varies) = £166.66 per month.
If you're interested in owning one of these brand new homes, please contact us and we will refer you to our mortgage partner to obtain an agreement in principle before viewing - so you're one step closer to owning your dream home.
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