Town Centre Shared ownership could be the solution. With this scheme, you purchase an initial share of the Town Centre property, typically between Southampton5-75, and pay rent on the remaining share that's owned by a housing association. ā I've been keeping my eye on some excellent Town Centre shared ownership developments across Southampton. One that really caught my attention is a new project just outside of Town Centre. They've got a lovely selection of two and three bedroom houses and apartments available. Since shared ownership properties are eligible for Help to Buy,Town Centre you may need a deposit of as little as 5% to get started. Monthly mortgage payments and rent will likely be lower than full market rates. It's a very short commute into Southampton by train, putting you close to all the employment opportunities in the city. But it feels like more of an escape once you're Town Centre home, surrounded by green space. There's also talk of a new primary school and retail development going in nearby which will add even more value and convenience over the long run. If putting down roots in the gorgeous area has been your dream, I really think shared ownership could make that a reality. And as your circumstances change down the line, you have the option to staircase by purchasing additional shares of the Town Centre property up to % 100 ownership. Why not check out the available Town Centre properties and speak to the developer to see.
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