Passmore Green is located in Tovil where16 three bedroom terraced houses with a high-end design specification are available through the Shared Ownership scheme.
Shared Ownership is a scheme which has been specifically designed to help those who are unable to afford the cost of buying a property outright on the open market. It works by enabling you to purchase a share in your new home, and pay a subsidised rent on the part you don’t own to Hyde New Homes. You will own an equity share in your new home.
A lease is a legal document between the freeholder or landlord and the purchaser and is binding on both sides and since you will own a lease you will be a ‘leaseholder’. The lease covers the responsibilities including maintenance, rent setting, purchasing more equity, selling and insurance. You will have the same rights and responsibilities as a full owner occupier.
You can also watch Your ‘Guide to Shared Ownership’ video on our website: www.hydenewhomes.co.uk