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Shared Ownership

Get on the property ladder with Shared Ownership at Coombe Farm

Shared Ownership is a government scheme that enables you to buy an initial share in a home (usually between 25% – 75%) while paying a reduced market rent to a housing association on the remainder.

This means you can get your foot on the housing ladder with a lower deposit, at a price that you can afford. As you save money and your financial situation improves, you can buy additional shares In your home until you own 100%. 

The Kitchens

  • Kingston Soft Matte kitchen cabinets with slab doors finished in Indigo Blue with brushed chrome handles

  • Light Grey Metal Rock laminate worksurface with matching upstands

  • French Grey glass splashback behind hob

  • Appliances: Fully integrated appliances: Ceramic hob, Electric oven, Extractor hood, Fridge-freezer, Dishwasher, Washer/dryer

  • Stainless steel sink with chrome single lever tap

The Bathrooms

  • Bath filler and hinged glass bath screen

  • Thermostatic shower

  • Vitra wash hand basin with semi-pedestal

  • Vitra back-to-wall WC with soft-close seat

  • Shaver point

The Flooring

  • Living Areas and Hallways: Comfytex Deluxe vinyl flooring in Toronto grey

  • Stairs, Landing & Bedrooms in Frosted Ice

  • Bathrooms: Ceramic tiles with matt finish in Pearl Cement for floors and Grey Cement for part-tiled walls

Heating & Lighting

  • Heating: Samsung monobloc air source heat pump with Stelrad radiators

  • Bathrooms: Chrome-finished heated towel rails in bathrooms

  • Lighting: Energy-efficient LED downlights in kitchens and bathrooms. Pendent lighting elsewhere

To apply for shared ownership:

• Your household income must be £80,000 a year or less and;
• You must be unable to afford all of the deposit and mortgage payments for a home that meets your needs.

One of the following must also be true:

• You’re a first-time buyer
• You used to own a home but cannot afford to buy one now
• You’re forming a new household - for example, after a relationship breakdown
• You’re an existing shared owner, and you want to move
• You own a home and want to move but cannot afford a new home that meets your needs

Shared Ownership enables you to buy the home you want at a price you can afford and at a repayment that is affordable for you.

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