Following the recent budget announcement we have received a high volume of Right to Buy applications which we are currently processing. We will contact all applicants, in order of receipt, as quickly as possible.
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Social HomeBuy (shared ownership)
Buy a share in your home and rent the rest. Buy more shares over time if you want. How to apply.
Contents
Costs
The table shows an example of the mortgage you would need depending on your share size and Right to Buy discount amount.
| Full value | 25% share | 50% share | 75% share | |
|---|---|---|---|---|
| Property valuation | £350,000 | £87,500 | £175,000 | £262,500 |
| Right to Buy discount | £136,400 | £34,100 | £68,200 | £102,300 |
| Mortgage amount | £213,600 | £53,400 | £106,800 | £160,200 |
Fees
There are no fees for applying for Social HomeBuy with us.
Just like buying any property, there are one-off costs you'll need to pay including:
- your solicitor's fees
- bank transfer fees
- VAT
- Land Registry charges
- mortgage fee, valuation and stamp duty (if applicable)