Uncategorised
New Shared Ownership Calculator Launches
Are you interested in Shared Ownership but not sure if it’s affordable for you?
Our new Shared Ownership Calculator may be able to help!
Created to help prospective homeowners better understand the costs and benefits of shared ownership, the calculator is designed to provide a clear insight into affordability* and the monthly costs associated with buying a shared ownership home.
Key Features
- Affordability check: input income, deposit, and property details to see what share of a home you could purchase
- Cost breakdown: The calculator provides an estimate of the total monthly costs including mortgage, rent, and service charge payments
- Easily adjustable: adjust property prices, deposit amounts, and interest rates to get a better understanding of what you could afford
Shared ownership has become an increasingly popular route onto the property ladder, especially for first-time buyers. However, many can find the scheme daunting or confusing, with uncertainty around how much they can afford and what ongoing costs will look like.
Our new calculator aims to simplify this, offering a quick and easy way to explore options before applying for your dream shared ownership home.
Check out the Shared Ownership Calculator here.
*The calculator is provided as a guide only and does not replace independent financial and mortgage advice, which should always be sought when purchasing a home.