With Shared Ownership you can buy a newly built home or an existing one through resale programmes from Wellingborough Homes. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold.
Only military personnel will be given priority over other groups through government funded shared ownership schemes. However, Wellingborough Homes own shared ownership home-building programmes may have some priority groups, based on local housing needs.
As a shared owner, you are responsible for the costs of all repair, apart from any work to the fabric of the building covered by our insurance. We arrange and recharge you for the cost of buildings insurance, but you need to get your own home contents insurance.