This week we’re proud to support Shared Ownership Week, a national campaign running from 20 – 26 September that aims to raise awareness of an affordable way to purchase a home.
As a housing association, our purpose is to “provide homes for people unable to rent or buy privately.” We want to make our customers aware of different ways they can get onto the housing ladder, and Shared Ownership is a smart choice. We’ll be highlighting some of our schemes and providing more information across our social media so you can decide whether Shared Ownership is right for you.
Shared Ownership provides people a chance to have a place of their own at a fraction of the cost as homes on the open market. You don’t need to worry about saving up for a big deposit, as Shared Ownership allows you to put down a 5% deposit, and purchase a share from as little as 25%. For unsold shares, you’ll usually pay a rent of 2.75%, a lot lower than market-rent homes.
Once you are an owner you have the opportunity to sell your property (resell) or purchase extra shares (staircasing). Find out about our Resales and Staircasing services on our website.
Our development team bid to acquire land to either build shared ownership units, or purchase completed units ready for sale. Our sales team then market and sell these. Past schemes include properties in rural areas such as Saffron Walden and Tiptree, and urban locations including Chelmsford, Colchester, Thurrock and Brentwood.
Carl Hockey, Director of Development and Sales, said “As housing prices increase, we understand that it’s important to have other ways people can enter the housing market. That is why CHP provide high quality homes for people to allow them to have a place they can call home.”
You can search for shared ownership homes on the Help to Buy website, or look on our website to see the homes we currently have for sale.