£152,000

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Dukes Quarter advertised shares start from 40% (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

LOCAL AREA CONNECTION REQUIREMENT

To be eligible for a Shared Ownership home at Dukes Quarter, purchasers are required to have a local area connection by way of one of the following:

• Lives or works in the Parish of Whitehill or Lindford for at least 3 out of the last 5 years
• Has close family (parents, children, siblings) who have lived there for 5+ years.
• Currently lives or works in Whitehill or Lindford for 12 continuous months.
• Lives or works in East Hampshire District for 3 out of the last 5 years, or has close family who have lived there for 5+ years.
• Currently lives or works in East Hampshire District for 12 continuous months.

*** Please note that proof of a local area connection will be required as part of your application ***

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

SOWN Shared Ownership are part of the LRG and are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk.