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Your path to home ownership What is shared ownership?
It’s your path to home ownership – from dream to reality – and no, you don’t need to share your bathroom with strangers!
Homes in the UK can cost seven times the average salary, for many, owning a home isn’t an option. But rising prices don’t need to be a permanent barrier, thanks to shared ownership schemes.
Shared ownership allows you to buy an initial share of a home (usually around 35%). The deposit and mortgage you need is much lower than buying a home on the open market. Alternatively, if you have the money you can buy the share without a mortgage and just pay rent on the remaining share to a housing association.
Over time, you can gradually increase your share, decreasing the rent you pay to a housing association for the other share. You can end up owning your home outright. Increasing the share in a home is known as staircasing. The sales team will advise you about the process when you purchase the first share.
Not everyone is eligible to purchase a shared ownership home, you’ll need to have no other way of buying a house and your household income needs to be under £80,000.
More information can be found on our website
westkent.org/buy
Three Fields, Tenterden
We have shared ownership homes for sale in:
The Paddocks, Lenham
4 x two bedroom houses, 8 x three bedroom houses and 5 x four bedroom houses
Autumn 2019 The Paddocks, Lenham
Halden Field, Rolvenden
2 x two bedroom houses and 4 x three bedroom houses
Winter 2019
Hinxhill, Willesborough, Ashford
3 x two bedroom houses and 20 x three bedroom houses
From Spring 2020 Bluebell Walk, Harrietsham Contact us:
sales@wkha.org.uk 01732 749400
Follow us:
@west_kent WestKentHousingAssociation
WestKentHA Maidstone October 2019 9
Three Fields, Tenterden
6 x one bedroom and 3 x two bedroom apartments, 12 x two bedroom and 1 x three bedroom houses
Available now
Bicknor Wood, Maidstone
13 x two bedroom houses and 13 x three bedroom houses
From Spring 2020
Bluebell Walk, Harrietsham
7 x three bedroom houses and 1 x two bedroom coach house
Autumn 2019
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