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Many people think that home ownership is beyond their reach but there are a number of Low Cost Home Ownership (LCHO) schemes designed to help you buy a home of your own. These schemes make buying a home an affordable option as you need a smaller mortgage and a smaller deposit. In many cases it can be cheaper than renting a home privately.
We offer a number of affordable ways to help you to home ownership and our homes are available to a wide range of people on different incomes.
Our new and resale properties are provided for sale through our sales company, Grand Union Homes.
Grand Union Homes are currently developing more than 200 new homes per year, so may be building your next home use the website to take see the current and future developments.
This is also known as part buy/ part rent. This works by allowing you to buy an initial share in a brand new home, anywhere from 25% to 50%, depending on what you can afford. A subsidised rent is paid on the remaining share. You can buy more shares when you’re ready, usually until you own 100% of your property.
These are homes which have already been purchased through shared ownership and now the owners are looking to sell and move on. You buy the share they are selling and pay a subsidised rent on the remainder.
We have lots of information available for existing shared owners, from buying more shares or selling your shared ownership home, to information on your shared ownership lease and buildings warranty.
Some of our existing tenants may have the right to purchase their existing property under one of the following schemes: Right to Buy, Right to Acquire and Social HomeBuy.