What is Shared Ownership?

 

Shared ownership makes buying a home easier and more affordable. You’ll purchase a share of your new home at Blundell Crescent, between 10% and 75%, and that percentage is then yours to own!

As the landlord, Peaks and Plains will own the rest of your home, and you’ll pay rent on that percentage. When you’re ready, you can think about staircasing – that’s when you purchase more shares, right up to 100%.

 

Join the waiting list for Phase 2! 

Be the first to know when the rent-to-buy properties are available  to reserve . Join our waiting list and we will be in touch.  

Weirbrook waiting list sign up

Note: Questions marked by * are mandatory


 

What is Rent to Buy?

Rent to Buy is a government scheme introduced in 2014 that allows tenants to rent a property at 20% below market rent - giving you the chance to save for a deposit to buy a home in the future. 

It’s an affordable step onto the property ladder as it makes saving for a mortgage much more achievable!

To be eligible, you must meet the following criteria: 

  • Be in full or part time employment.
  • Have the right to rent in England.
  • Earn the minimum income required for the home to make sure it’s affordable for you, however there is no maximum income cap for Rent to Buy.
  • You must be a first-time buyer or a former homeowner returning to the market, for instance following a relationship breakdown .
  • Able to pay your rent and save for a deposit at the same time.  
  • Hold a good credit history to ensure you’re free from any bad debts or County Court Judgements.