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Golding Homes is delighted that brand homes will soon be available for shared ownership on a part-buy, part-rent basis.
The homes on Golding Homes’ brand new development at Haven Close, Sutton Valence are expected to be ready in July this year. Along with eight affordable rented houses, there will be just four 2-bedroom houses available for sale on a shared ownership basis to people with a specific local connection to Sutton Valence.
If you would like to find out more, come along to the Golding Homes information event for these properties at the Village Hall on Saturday 28th April at 11am, following the Parish Council’s Annual meeting, where we will have more details of the houses available (including the local connection criteria that applies and how to apply).
Shared ownership is a part buy, part rent scheme aimed at helping those on low to middle incomes get their first step on the property ladder. With shared ownership you buy part of the property initially, in this case from 25%, and pay a subsidised rent on the part you don’t own. Later on if you want and can afford to, you can buy more of your home.
Buying a property is beyond the reach of most first time buyers due to the large deposits required by mortgage lenders. However, you could buy a shared ownership home with a mortgage deposit from as little as 5% of the value of the share you buy. For the two bedroom houses at Sutton Valence, this means that, subject to status, you could buy your own home in Sutton Valence with a mortgage deposit from as little as £2,600