Shared Ownership allows you to buy a share in your new home. This will range from 10%-75% depending on what you can afford. You will then pay a reduced rent on the remaining share. The advantage to you the buyer is that you only need to get a smaller mortgage to buy the property, and you will also need a smaller deposit (your deposit is a percentage of the share that you are buying and not based on the full value of the property). You can buy more shares as and when you can afford them - this is called 'staircasing'. As you buy more shares you will pay less rent. In most cases you can eventually own 100% of the property and at that point you will pay no rent at all. As a homeowner you will be responsible for the maintenance and repairs on your home

Property value - £305,000 10% share purchase price - £30,500 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £629.06 25% share purchase price - £76,250 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £524.22 30% share purchase price - £91,500 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £489.27 40% share purchase price - £122,000 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £419.37 50% share purchase price - £152,500 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £349.48 60% share purchase price - £183,000 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £279.58 70% share purchase price - £213,500 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £209.69 75% share purchase price - £228,750 (Mortgage & Deposit) Monthly rent and service charges payable on the remaining share - £174.74 In addition to the monthly rent above the following is payable: Service Charge: £15.00 Estate Charge: £0.00 Buildings Insurance: £21.43 Management Fee: £15.00 Reserve Fund Payment: £0.00 Total monthly payment (excluding rent): £51.43 Term and conditions apply Reservation Fee: £300.00 The reservation fee secures the home for 56 days. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable

1. An affordable way to get on the housing ladder 2. Provides security of home ownership 3. Benefit from any increase in property prices 4. Flexibility to sell and move at any time 5. Ability to increase the level of ownership, subject to terms and conditions

If your household income is below £80,000 per annum, you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs and you can afford to sustain mortgage and rent payments in the long term then Shared Ownership could be your route onto the property ladder. One of the following must also be true: - you're a first time buyer - you used to own your own home but cannot afford to buy one now - you're forming a new household (e.g. after a relationship breakdown) - you're an existing shared owner and you want to move on - you own a home and want to move but you cannot afford to buy a new home that meets your needs.

Tenure - Leasehold Lease Type - Shared Ownership House Lease Lease Term - 990 years Maximum share you can own - 100% Transfer of freehold - At 100% ownership, the freehold will transfer to you

Up to £500 a year for the first 10 years to help with essential repairs

For further details or to register your interest please contact our sales team on 01482 446644

Please note: In most cases we use wide angle lens photography to ensure we capture as much of the room and its features. This can distort the image slightly and should be considered alongside the other details within the particulars. Oscars give notice that these particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Purchasers and potential purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise to assess their accuracy. No person in the employment of Oscars has the authority to make or give any representation or warranty in relation to the property Free Valuation: If you are considering selling your property, we would be delighted to provide a free valuation and marketing advice. Please contact the office on 01482 446644 to arrange an appointment.

Fixtures and Fittings: Fixtures and fittings within the property may be available by separate negotiation unless otherwise stated. Any items of particular importance to you can be verified with our team.