It gets better. You usually only need a 5% deposit based on the share that you buy. So, if you were to buy a 25% share in a £300,000 property (which would be £75,000), then your deposit would be just £3,750. It is that simple. Sounds too good to be true? Read through our how does shared ownership work guide to find out how shared ownership works and how it can work for you.
At Aster, we provide shared ownership properties for families, couples, and more, across the South and South West, so why not take a look at some of the shared ownership homes available through the shared ownership scheme we have on sale right now, you may find something you love!
Still unsure? Hopefully, this has given you the information needed around what deposit I need, but we also have a range of FAQs that should answer any additional questions you may have or feel free to get in touch to find out more about specific properties.
We also have a guide on Associated costs when buying a shared ownership home, this looks at other costs to factor in when considering purchasing a shared ownership property. You can also read through other buyers shared ownership journeys on our blog to understand how the process worked for them, as well as money-saving tips, home inspiration and more!
We can help! Speak to our team today!
Contact Us 01380 735 480
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