Find shared ownership and part buy, part rent property for sale in Marbella. Share to Buy – making housing affordable.

We are living in an era where barriers to home ownership seem even higher, therefore we have established an affordable home ownership scheme that can make a real difference. Our Company is fully committed of creating online affordable housing schemes truly accessible and transparent. Being on our website you are a ‘one step ahead’ from affordable home ownership schemes.  Here you can ask for shared ownership properties and find a mortgage to buy it in one process.

  • IDEA OF SHARED OWNERSHIP

Shared ownership schemes enable first time buyers the opportunity to acquire a share in a new build or resale property. The buyer pays a mortgage only on the share they own. Also pays a contribution rent to a housing association on the remaining share.

As the buyer only requires a mortgage for the share they are purchasing, hence the amount of money needed for a deposit is considerably lower when compared to the amount that would be required  while acquiring  outright.

The buyer has the opportunity to increase his share during their time in the property, through a process known as "staircasing", in most cases can staircase all the way to 100%, thereby owning the property outright. Shared ownership properties are always leasehold.

  • STAIRCASING

Usually once you have lived in your home for a certain period of time as the shared owner  (depending on the terms of your lease), you  can buy further shares in your property. This process is known as staircasing, enabling you to own a greater proportion of your home.  If you bought a resale property you can buy further shares too (depending on the terms of your lease).

The greater the share you buy in your home, the less rent you will pay to your Housing Association. If you staircase to 100% you become an outright owner, and pay no rent. You may acquire additional shares in your property at a price equal to the relevant proportion of the current full open market value of the property.

 

 

 

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We are cooperating with Members of LPA – Leading Property Agents of Spain.

 

Leading Property Agents of Spain is an association of top real estate agents with time-tested reputations along the Costa del Sol. All members are professionally qualified real estate agencies and some of the longest established businesses of the coast.

DREAM HOUSE REAL ESTATE

Katarzyna Sosnowska

+ 48 607 718 667

NIP: 9241889327, Regon: 365141700

 

Marta Nowakowska

+ 48 506 791 811

NIP 9730801792, REGON 081239212

 

 info@dreamhouse-realestate.com

info@dommarzen-nieruchomosci.pl

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