Purchase breakdown
Monthly charges apply. Within the current financial year from 1 April 2024 to 31 March 2025; these consist of the following (subject to final confirmation):
Shared Ownership minimum share of 35% £92,750
Monthly Rent: £499.48
Monthly service charge: £72.75
Monthly leaseholder charges: £80.92
Total Monthly Charges: £653.15
EPC = D
Council Tax Band = C
Please note, the maximum % a purchaser can acquire is 80% of the property.
Applicants will be prioritised based on connections to the local area through work, family or past association with the village of Amberley.
£92,750
Based on a 35% share
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
With reference to this property being sold, please note, the maximum % a purchaser can acquire is 80% of the property.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Applicants will be prioritised based on connections to the local area through work, family or past association with the village of Amberley.
Remember you will also have to pay household bills including council tax, gas, electricity and water.