If you were to buy a 40% share in a property worth £310,000, the equity you would pay rent on is £186,000. Rent is charged at 2.5% on the un-owned equity share (in this example, £387.50 per month).
Blenheim Estate allows you the opportunity to buy further shares in the home, or 'staircase', to own 100% of the home. Your financial advisor can help you determine the percentage of the property that you can afford.
Your annual household income needs to be £80,000 or less, and should ideally be greater than £18,000 per annum. You should also have savings of at least £3,000 to cover legal costs, and a good credit history.
It is also required that you have a local connection to the area, or to West Oxfordshire, to be considered. The Blenheim Estate Homes team can give you more information.
See what's currently available under our Shared Ownership scheme and find the right home for you, at an affordable cost.
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