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Shared Ownership - part buy, part rent
Shared Ownership enables people to buy a home of their own, when they cannot afford to do so outright. For full details of Hightown's shared ownership properties, visit www.hightownhomes.com.
With Shared Ownership you can buy part of your home now and pay rent for the remaining part. Your total costs of rent and mortgage payments will be lower than the cost of buying the same property outright. This saving can be passed on to buyers who would not otherwise be able to afford to buy on the open market, as we use government grants to cover some of the cost of building your home.
We can put you in touch with an Independent Financial Advisor to help you to arrange a mortgage to cover the share that you are buying, although some people buy with savings.
You can also purchase further shares in your home with the option of eventually owning the property outright.
