Pilkington Estates often deals with shared ownership properties and these offer buyers an opportunity to purchase a share in a home with a traditional mortgage. This can be between 25%-75% of the home’s value, depending on your income and outgoings, but it’s an affordable way of getting you on the property ladder.
If you decide this is for you, you’ll have to pay rent to cover the percentage of the property that you do not own but the more of the property you have a share in, the lower your rental payments will be. It’s usually less than you’d pay in a privately rented property and it will give you an opportunity to save and purchase outright in the future.
This scheme is usually available for people if you are a first time buyer, or if you used to own a home but now can’t afford to buy one, or if you are an existing shared owner looking to move. We work with housing associations and experts advisors throughout the area. Contact us for more information.