It’s a government-funded scheme designed to help people who can’t afford to buy a home in the open market. If you're searching for a new home in Warwick then we may have what you're looking for! Once we are in receipt of the valuation report, we will email you a copy of the report with an application form to complete to confirm the share you wish to purchase. All documents must be provided to TMP within five working days. The Cygnet 2 bedroom apartment, prices from £94,000 for 40% share. It is important that you know about these processes and any fees that may be involved before you purchase a shared ownership property. It’s a government-funded scheme designed to help people who can’t afford to buy a home in the open market. Your finances will be checked to ensure you can only buy what you can afford, The location of the properties may not be your preferred option. A collection of 2 and 3 bedroom new build homes in Moreton-in-Marsh, built by Bovis, are available to buy through shared ownership. 2 bedroom homes for Shared ownership in South Gloucestershire. * Live independently in the safe and secure environment of your own apartment. Bromford Sales. All you need to do is find your local Help to Buy agent and search for resale homes to buy. You’ll notice that on most of our property listings we say that a local connection to the area is needed. The shared ownership scheme is a first-time buyer scheme provided by the Government to help you get on the property ladder quicker. If you have any more questions please do not hesitate to contact us (Commercial Property Team) on 0330 1234 034 or cpt@bromford.co.uk. We will also carry out a more detailed assessment to ensure the purchaser meets our eligibility criteria. Are you eligible to buy a shared ownership home?Watch our video to find out more. © Bromford Copyright 2020, All rights reserved, Being a resident (or employed within) the area for a number of years (usually between 2-5). . Any purchaser buying a share must qualify for shared ownership and register with a Help to Buy Agent. Take a look at our last remaining 3 bedroom home available to buy through shared ownership. If you have any difficulties completing the assessment online please contact TMP directly who will be able to assist you: Tel: 01604 780586. 3 bedroom homes for Shared ownership. Shared ownership is a great opportunity to get onto the property ladder. Shared ownership is another way to buy your own home. Bromford, which has its head office at Venture Court, Broadlands, lodged its bid in October and has now confirmed itsr new homes will be for social rent, affordable rent and shared ownership … Last chance to buy at Perrybrook, Court Road, Brockworth, Gloucester, Gloucestershire, GL3 4QY. Shared ownership is another way to buy your own home. Prices from £112.000 for a 40% share. Check your eligibility or Register your interest to be notified for upcoming open days at Falfield Grange | Bromford, Moorslade Lane, Wotton under Edge, GL12 8DJ. There are certain criteria which you must meet to qualify for shared ownership resales: You must not have a household income of more than £80,000. For example: if the selling price of the home is £150,000 and the share you wish to purchase is 25% (£37,500), most lenders will now ask for a deposit of at least 5%. Buying a percentage means a smaller deposit and smaller mortgage. You buy a percentage, and pay rent on the rest. Bromford also incorporates Bromford Homes, an outright sale business arm providing shared ownership homes to assist private/social renters move onto the property ladder. Coming Soon, Grange Park, a collection of new 2 and 3 bedroom shared ownership homes in Telford. If purchasing the share only you also need to contact Metro Finance on 0114 2999 380 to have your rental affordability assessed. Contact us on 0330 1234 034 if you are interested in buying a Help to Buy shared ownership property which is not new. See All. 1980. Bromford is a leading provider of social housing services. Please head to our Coronavirus FAQs for more information on our response to the announced Tier 5 national lockdown. Visit our website to find out more http://orlo.uk/7dVW1 Once Step 3 is complete, TMP will contact the Sales Team at Bromford to confirm the share that you are able to purchase. The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes) We hope that these will answer all of your questions and explains the process in a clearer light. It enables you to buy a share of a property that you can afford, usually between 25% - 75%, and pay us rent at a level below market value for the rest. *Cafe/bistro, hairdressers, gym and activities on site. Bromford manages rented and shared ownership homes in central and South West England. Plus £500 towards legal fees until end of March* Ts&Cs apply http://orlo.uk/4Z2Oa. Merlin Housing Society Limited is a subsidiary of Bromford Housing Group Limited, registered society with registration number 29996R. These are listed on the Help to Buy agent website. Bromford. Help to Buy Shared Ownership can be a fantastic way to get your foot on the property ladder if you can't afford to buy a home on the open market. * Central location next to the People's Park. We may be able to help you take the next step towards purchasing a home. Your independent lifestyle starts here! Site map. Registered with the Regulator for Social Housing with registration number L4449. Find the right place to call home. Take a look below to see the most frequently asked questions about shared ownership. 3 bedroom homes for Shared ownership in Wolverhampton. We invest in homes and relationships so people can thrive. Search for a home available to buy | Bromford. Ask us about shared ownership, simply call us on 0800 085 2499 or email sales@bromford.co.uk. We own 26,000 homes in central England and we have a strong reputation for delivering great services and great results. These are listed on the Help to Buy agent website. Shared Ownership Registration. Search for a home to buy with Shared Ownership. With shared ownership you can move into your own home for a fraction of what you might expect to pay to live in a new build home. 1976. Print this page You can buy between 25% and 75% of the property with the option to buy more shares at a time that's right for you. With Bromford housing shared ownership properties you will essentially own part of the home and pay rent on the side you don’t own. It enables you to buy a share of a property that you can afford, usually between 25% - 75%, and pay us rent at a level below market value for the rest. A deposit is required for shared ownership – but it’s only a percentage of the share of the property being bought. A member of our Sales Team will get in touch with you to confirm your choice of solicitor and mortgage broker. Shared Ownership FAQ. 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