NCHA have been supplying shared ownership housing all over the Midlands, and this new way to step on to the property ladder has been surging in popularity for good reason. Ideal for those who can’t afford to buy their property outright, countless potential buyers who have been struggling to find either their first home, or find a way back on to the property ladder have been utilizing the scheme to give them a helping hand.
One such individual is Marie, who has been struggling to find a perfect home since she had to close her business due to health complications. Marie had been a homeowner for years previously, until she was diagnosed with polymyalgia rheumatic, meaning she had to both close her business, and sell her three bedroom house.
Marie’s husband Mark works away during the week, meaning it was paramount that she could find an easy maintenance home that was close to her carer, her sister Pearl. Fortunately for her, NCHA had recently began development on shared ownership bungalows on Hughton Way in Walesby. These are perfectly placed, as in 2016 Marie’s sister Pearl had also bought a bungalow on the neighbouring development, and the new bungalows are almost on her doorstep.
Marie and her husband went to the information event at Walesby Village Hall, and queried them about shared ownership, the homes being built and her local connection. Shared Ownership housing has certain requirements to meet, one of them being priority being given to people with a connection to the local area, i.e have family who have stayed in the local area for at least 5 years.
“We passed the local connection and application process. So we sold our house in August and we have been living with Pearl, while we wait for the bungalow to be completed.”
I needed a single storey home and one that was easy to maintain as I struggle with my health. Bungalows are renowned for being expensive so it was great to find an affordable one on the development next to Pearl. I already knew NCHA as I found my sister’s house for her, so I knew I was in good hands.”
The property’s also perfect for Marie in terms of financial viability, and she looks forward to the potential savings that come along with investing in a new build home.
“Money has been a struggle since closing my business. The money from our house sale was used to pay off debts we had accumulated and we put a healthy £20,000 down as a deposit. Buying a new build means it will be easy to maintain and manage and as these homes are energy-efficient we are confident it’s going to be more economical than our old 1930’s house.”
Marie however hasn’t only experienced the benefits of the Shared Ownership scheme via improving her living conditions, the bungalow is just right for her situation and has been able to rid the stress of navigating her previous home, which was two stories.
“Shared ownership is such a great scheme and it has enabled us to afford a bungalow on my sister’s doorstep. It was all explained to me in such simple terms and I am really grateful that these homes were being built when I needed them.”
“I am looking forward to living on one level and not having to navigate stairs. It was important to us that we secure our future in a home that I feel safe in. My mental health has suffered and I feel that this is giving us a fresh start. I would like to thank NCHA as the bungalow will make our lives better practically, financially and emotionally.”
Shared Ownership has proven ideal for countless homeowners all over the Midlands, and over the past year shared ownership sales have risen by 36%.