LEEDS & YORKSHIRE HOUSING ASSOCIATION - SHARED OWNERSHIP PROPERTIES IN BARNSLEY

Catherines Walk, Athersley South S71 3FS

Who we are

Shared ownership makes home ownership affordable. With opportunities to buy from 25% to 75% of your property allows you to get on the property ladder.

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Description

Shared ownership explained:

Shared Ownership is a scheme to enable first time buyers to make their first step on the property ladder. It allows you to part-rent and part-buy your home, making it possible to buy a property which otherwise may not have been affordable. Shared Ownership offers an alternative to renting and is the ideal option if you cannot afford to buy a property outright but aspire to own your own home.

With Shared Ownership you buy a share of your chosen property (typically between 25% and 75%) on which you’ll have to take out a Shared Ownership Mortgage. You then pay rent, plus a service charge, on the remaining share you don’t own. Shared Ownership allows you to buy further shares of your property (Staircasing) when you can afford to do so, allowing you to completely own your home.

To find out more, check out our new Shared Ownership brochure, which hopefully answers all your questions.

Why choose Shared Ownership?
 
• You will own a percentage of the value of your home, so will get a return on your rent in the long term
• Your monthly mortgage and rental payments may work out cheaper than buying outright, and combined are often not much more than renting
• You can buy further shares at a time that suits you or sell your share and move if you want to in the future
• You only buy what you and we agree you can comfortably afford 

Documents


Contact Details

Contact name: Leeds & Yorkshire Housing Association

Email address: helptobuy@lyha.co.uk

Phone number: 0113 2208101

Mobile number:

Address: 2 Shire Oak Road Headingley Leeds LS6 2TN


Locations

Address details:

Catherines Walk, Athersley South S71 3FS


Other Details

Eligibility: You are eligible to buy a home through a Shared Ownership scheme if your household income is £80,000 or less. You must not already be a homeowner. You can check if you’re eligible by clicking here and completing the application form. For full details of our Shared Ownership scheme, please view our online brochure. You can also found out more about your responsibilities as a shared ownership owner/leaseholder here.



Published: 03 October 2019