Common questions and answers, take a look at our buyers guide or read our FAQ's section.
Just like any home, a shared ownership home will come with its own set of monthly bills, which will need to be considered ahead of securing your property.
As you own part of your shared ownership home, you will need to make repayments on your mortgage until this has been repaid. This amount can vary depending on the amount you have borrowed and how long your mortgage term is.
Access this handy mortgage calculator to give you an idea of costings.
We will calculate how much rent and service charge you will need to pay, and the exact figure will be shared with you following your application. This tends to be around 2.75%.
For example:
Property value: ÂŁ200,000
Your share: 40% (ÂŁ80,000)
Our share: 60% (120,000)
Yearly rent (charged at 2.75%): ÂŁ120,000 x 2.75% = ÂŁ3,300 per year
Monthly rent: ÂŁ3,300 divided by 12 = ÂŁ275 per month
Service charges are charged separately from your rent and is an additional payment towards the cost of providing and maintaining any communal areas and services outside your home.
The cost of your service charge will be confirmed with you following your application.
Buildings insurance is included within your service charge payment. This covers the financial cost of repairing damage to the physical structure of your property.
Contents insurance, which covers items such as your carpet, furniture and personal belongings is your responsibility and something we would encourage you to get.
Take a look at contents insurance quotes on Compare the Market or Confused.com.
Other monthly costs to bear in mind include:
Common questions and answers, take a look at our buyers guide or read our FAQ's section.
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Shared ownership is a great way of buying your own home.
About Shared OwnershipCurrent shared ownership properties, as well as those that are coming soon.
Available homesYou can purchase further shares in your home from us at any time up to the full value.
Shared ownership staircasing guideThe buying process can seem a bit daunting, but it doesn't need to be.
Steps to buying a shared ownership homeWe're building new affordable rental and shared ownership homes.
Building new homesIsn't it exciting - you're looking to buy your first home or getting back on the property ladder!
Last plot remaining on the beautiful White Poplars development in #malmesbury. This home comes with on plot parking, turfed enclosed garden, and flooring throughout 🤩
Contact us today to apply or visit our website for more information: ecs.page.link/Mr9wK
Check out this 3-bedroom resale home we have available on a 50% share in #westbury. 🏡 This lovely home is situated on a beautiful development with convenience stores and schools close by: ecs.page.link/sbcMD
Interested? Give us a call today!
đź“ž 01225 715846
Are you looking for a home in #Malmesbury? 🏡
Find out more about plot 143 which is one of our last available 3-bedroom #sharedownership homes at Backbridge Farm. The home comes with flooring throughout and on plot parking - Don’t miss out! ➡️ ecs.page.link/CiwQq
