Shared Ownership
Taking a first step towards home ownership
through "shared ownership" is often over-looked by prospective
buyers. Shared ownership does not mean sharing your house with
someone else; it involves the purchase of an initial share of a
property, and paying rent to a not-for-profit organisation for the
remaining amount. The initial share purchased is normally
between 25% and 75% of the full market value, and this share can
generally be increased as and when you can afford it. In most
cases (except in protected rural areas), you can own 100% of your
home.
New Build HomeBuy is the government’s current
shared ownership scheme. Riverside Home Ownership is the
government’s HomeBuy agent for Cumbria; anyone can apply to
Riverside regardless of who is developing or selling the
property.
To get more information on shared ownership,
and to find available properties, please contact Riverside Home
Ownership on the details provided below.
Riverside Home Ownership
Tel: 0845 155 9029 / 0345 155 9029
E-mail:
sales@riverside.org.uk
Website: www.riversidehomeownership.org.uk