Many first time buyers may be reluctant to commit themselves to a purchase, despite low interest rates and competitive property prices. It is recognised that the uncertainty over job security is a major worry. Shared Ownership provides an ideal solution, because it removes the need for the commitment to a maximum mortgage, thus providing a buffer in uncertain times.
What is New Build HomeBuy
It is simply part buying and part renting a home with the help of INplace. The initial share (usually 40%, but dependent on affordability) is purchased by means of a mortgage from a building society in the normal way.
Rent is payable to INplace for the remaining share, and is reviewed annually in line with inflation.
You do not have to share your home with anybody other than your own family/household
At INplace we have many years experience of providing homes for sale through shared ownership and have assisted hundreds of new home owners to realise their dreams. We have many new properties being built as a result of our healthy development programme in close liaison with many local authorities.
Resale shared ownership
INplace offers the service of reselling shared ownership schemes for existing owners. INplace has a range of homes for sale within most price ranges and across most of South East England.
© 2008 INplace