At Cerris Homes, we offer Shared Ownership as a pathway for our customers to successfully buy a property. You own part of your home rather than paying rent on a property with no return.
But what is Shared Ownership?
Shared Ownership, also known as 'part rent, part buy', is a scheme funded by the government, housing associations and local authorities, which provides a steppingstone to complete home ownership. When you buy a Shared Ownership property, you make a monthly mortgage payment for the share you own, and a subsidised rent payment on the share which is owned by the housing provider. The scheme has been designed to enable you to buy a property which you can afford. The combined monthly mortgage and rent payments are often less than if you were to buy a home outright, or not much more if you were renting. Over time, you can buy a larger share in the property until you own it outright - this process is known as 'staircasing.'
Common misconceptions of Shared Ownership:
If you would like more information regarding Shared Ownership, you can visit our page here.
Have you ever dreamt about life without the burden of a large house and garden, and are looking for houses to buy that fit the bill? Maybe you are at a crossroads with your children nearly grown, or have gone through a life-changing event such as ...
Shared Ownership
If you’re considering buying a shared ownership home, you may have heard the term ‘staircasing’. So, what does this mean?
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We provide high quality, new homes that are affordable for you to buy, through the shared ownership scheme.
Email: newhomes@cerrishomes.co.uk
Call: 01782 854748
Address: Cerris Homes, Kingsley, The Brampton, Newcastle-under-Lyme, Staffordshire, ST5 0QW
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