Shared Ownership

Shared Ownership makes buying your dream home more affordable.

With high house prices, large deposits and lenders unwilling to lend, the prospect of buying your own home can seem like an impossible dream.

Don’t worry, there are a number of other options to consider. Shared ownership is one of them.

Check to see if you are eligible

First of all you will need to do a financial assessment so that we make sure that we sell you the most affordable share.

Get in touch at sales@peaksplains.org first of all and we'll put you in touch with the assessment company.

Available now

Currently we have a great selection of Shared Ownership 2 and 3 bedroom homes for you to consider.

  • Wrenbury, Nantwich (Bovis Homes)  3 bed houses  CW5 8FS
  • Beehive Lane, Moulton (Bovis Homes)  2 & 3 bed houses  CW9 8SW
  • Rosebay, Long Lane, Chapel-en-le-Frith (Seddon Homes) one 2-bed bungalow SK23 0UF

Coming soon

  • Beelow Close, Dove Holes (Hopwood Homes)  2 & 3 bed houses
  • Queens Drive, Nantwich (Bovis Homes)  2 & 3 bed houses
  • Alderley Gate  2 & 3 bed houses in Congleton
  • Saltersford Corner, Holmes Chapel (Russell Homes) two 3-bed houses

Interested? Get in touch

sales@peaksplains.org

Basically, you buy a share of the home (usually around 50%) and the rest of it belongs to us, Peaks & Plains Housing Trust.

You pay a mortgage for the part that you own, and you pay us rent on the rest.

You get all the security of owning your home and you get to make a start on the property ladder, but you only have to pay a fraction of the total asking price.

You can buy more shares of the property until you own 100%, this is called ‘Staircasing’ (unless otherwise stated in your lease).

You might be eligible, if:

  • You are at least 18 years old.
  • You cannot afford to buy a home suitable for your needs on the open market. You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
  • Your household earnings don’t exceed £80,000 a year (outside of London) 
  • In many cases, you must be able to demonstrate a connection to the local area of the development.
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

Help to Buy Northwest has a really useful tool to help you work out if you qualify.

Wrenbury - Bovis Homes

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