When it comes to buying a house, saving for a deposit can be a major stumbling block – especially with rising house prices.
But don’t worry, Shared Ownership from WDH can help you get your foot on the property ladder.
If you are a first-time buyer, looking to downsize or are self-employed and struggling to save a deposit, then WDH’s shared ownership scheme could be the ideal way to buy your dream home. With WDH you will need a minimum 5% deposit of the share you are purchasing. For example: For a £70,000 50% share you would need a £3,500 deposit.
Shared ownership is perfect for people who can’t afford to buy a house outright. Instead, you buy a share of the property and pay an affordable rent on the rest, buying more shares when you can afford to until you own 100%. Initial shares are available from 25% up to 75% of the property.
Claire bought her dream home with shared ownership from WDH. As a single, self-employed hairdresser, Claire knew she would struggle to buy a home on the open market. We found Claire her dream home in Thirsk, close to her friends and family. Here’s what she had to say...
“Shared Ownership has been a life saver for me, it has given me security for my future. I would recommend buying a property through Shared Ownership at WDH to anyone looking to get on the property ladder. You get lots of advice and support throughout the process. The fact I can afford to own a home in my position is amazing. I would advise anyone who is single or self-employed and wants to buy, not just rent, to look into it.”