Deposits and Shared Ownership

How we've worked out the minimum mortgage deposits on our recent advertising campaign.

Axminster

Example purchase at Cloakham Lawns, Axminster

  • 1 bedroom apartment 
  • Full price - £162,995
  • Share price - £40,748.75 (Some mortgage lenders will lend you 95% of this price, therefore you'll need 5% minimum mortgage deposit)
  • 5% of £40,748.75 is £2,037.43
  • Share 25%
  • Monthly rent - £280.15
  • Monthly service charge- £120.15

Remember you'll need to consider other costs like stamp duty, solicitors fees, mortgage application and valuation fees. Prices and availability correct at time of going to press (Thursday 27th August) Availability on our homes changes constantly and you can check the latest prices here.

Gloucester

Example purchase at The Waterfront, Gloucester

  • 1 bedroom apartment 
  • Full price - £160,000
  • Share price - £48,000 (Some mortgage lenders will lend you 95% of this price, therefore you'll need 5% minimum mortgage deposit)
  • 5% of £48,000 is £2,400
  • Share 30%
  • Monthly rent - £320.83
  • Monthly service charge- £132.17

Remember you'll need to consider other costs like stamp duty, solicitors fees, mortgage application and valuation fees. Prices and availability correct at time of going to press (Thursday 27th August) Availability on our homes changes constantly and you can check the latest prices here.