A PLACE OF YOUR OWN WITH SHARED OWNERSHIP
Shared Ownership at Tapestry
Buy a share of your brand-new home at Tapestry and pay rent on the remaining share. Your deposit is based on the share you buy.
HOW SHARED OWNERSHIP WORKS
Shared Ownership is a government-backed scheme that helps make home ownership more accessible. At Tapestry, you can buy a share of a brand-new home without funding its full value from day one.
01. Buy a share
You purchase a share, typically between 10% and 75%, depending on your affordability. Your deposit and mortgage are based on the share you buy.
02. Make yourself at home
You pay rent on the share you do not own, alongside mortgage repayments and any applicable service charges.
03. Grow your ownership
You may be able to buy additional shares through staircasing, increasing your ownership and reducing your rent. The options available depend on your lease.
COULD IT BE FOR YOU?
Shared Ownership could be an option if:
You are aged 18 or over.
Your household income is £80,000 a year or less.
You do not own another property at completion.
You are unable to buy a suitable home outright on the open market.
Eligibility and affordability are assessed individually.
Speak to our sales team about your circumstances and the shares available.
WHAT COULD IT COST?
Illustrative example: buying a 25% share of a home worth £400,000.
Your 25% share: £100,000
5% deposit on your share: £5,000
Remaining mortgage: £95,000
Rent on the remaining 75%: £687.50 per month
Rent assumes 2.75% a year on the remaining £300,000 share. Mortgage repayments and applicable service charges are payable in addition.
This is an illustration, not a price or mortgage offer. Actual costs depend on the home, share purchased and your circumstances.
