1 minute read
CONTENTS
Shared Ownership
If you are struggling to buy your first home, we give you the lowdown on shared ownership, the scheme which only requires a 5% deposit.
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Real Life
During lockdown, many first time buyers managed to save for their first home. Jenie Fuerte, 34, is one aspirational buyer who managed to boost her savings and purchased a 25% share of a one bedroom apartment at SO Resi Ealing using shared ownership.
Real Life
Fabiola Mendes and her partner Marcos used shared ownership to purchase a home at SO Resi Ealing.
Real Life
Rowann Benton and her partner Rudi Hilomen-Morante will soon be moving into a new shared ownership house at SO Resi Camberley, Surrey.
A Helping Hand
Saving for a deposit may seem like an impossible dream in the current climate, but these Rent to Buy schemes, which cut rental costs for tenants, allow them to save to buy their dream home.
HOTSPOT – FARNHAM
Farnham, with its historic Georgian architecture, is one of Surrey’s most picturesque towns. It offers great transport links, good schools, and properties to suit all budgets.
HOTSPOT –BRACKNELL
Bracknell offers the perfect balance for first time buyers looking to escape the demands of inner city living, while still maintaining easy links to the capital.
HOTSPOT –STANFORD-LE-HOPE
Stanford-le-Hope is home to around 20,000 residents and has a great selection of shops, pubs and restaurants.
Stamp Duty Explained
The amount you are charged in Stamp Duty depends on both your property purchase and your status – we look at the tax in closer detail.
The Power Of Education
SO Resi launched a brand new education initiative in partnership with A-level students at Fulham Boys School, helping pupils to learn about shared ownership and other financial aspects of buying their first home and preparing for a secure future.
The Shared Ownership Mortgage Market
Jon Lord, MD at award-winning shared ownership mortgage broker Metro Finance, talks about affordability for first time buyers in the current mortgage market and looks at some of the advantages of using shared ownership.
