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We have a small number of homes which are part owned
and part let - known as shared ownership - which are
managed by our subsidiary, Linnet Homes.
Shared ownership is a way of enabling people who cannot
afford to buy their own home outright to get a foothold
in the housing market.
The principle of shared ownership is that homes are
part purchased and part rented with purchasers buying
the share that they can afford, normally with a mortgage,
and paying rent for the rest. Residents can increase
their ownership as and when they are able to.
Normally purchasers are expected to buy 50% - 60% of
the property.
For more information contact Linnet
Homes.
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