New Homes

Shared equity creates a far more affordable way to own your own home

21 November 2019

Shared equity creates a far more affordable way to own your own home

If you’re looking for a smart apartment at a fraction of the market price, Henry Adams is now marketing 4 spacious, shared equity homes in the heart of Haywards Heath.
 
The apartments are set in Old Rocky Lane where they form part of the Kilnwood Vale development. The elegant decor includes carpets, a large living space leads onto a private balcony, there are two double bedrooms and the specification features a range of integrated appliances within sleek, white kitchen cabinets. What’s more, each home comes with its own allocated parking space.
 
These 4 new homes are available with the option to purchase from a 66% share of full market value, with the balance held by the shared equity partner until the owner chooses either to staircase up to own a larger percentage of the property or eventually to sell.

There are no interest charges or obligation to increase payments at any time, unlike repayment of the Government’s Help to Buy loan.

There’s also no extra rent due on the balance of equity either, unlike traditional shared ownership schemes. You simply have a mortgage for the share that you own and that’s it. So shared equity effectively eases the way to homeownership for buyers who would like to step up onto the property ladder.
 
“These impressive apartments also offer the chance to own a home which is larger than you thought your budget could stretch to, with a 75% share of these two bedroom apartments being a similar price to most one bedroom apartments locally.” says Alison Guyton, director of land & new homes at Henry Adams Horsham & Haywards Heath.
 
“It’s a fantastic opportunity to own a home of your own at an advantageous cost. Homes on shared equity, rather than shared ownership, don’t come along very often.

“In fact, these are the only 4 available within 10 miles of Haywards Heath so I’d recommend a viewing as soon as possible to seize the chance to move here.”
 
The apartments have been designed with large windows to let in plenty of light and high insulation to keep running costs low. 

Set on the first and second floors, the 2 bedroom properties, each with a balcony offering far reaching views, are now ready for their new owners to move straight in and make themselves at home.
 
Haywards Heath itself has excellent road and rail connections, with London 47 minutes by train and Gatwick just 11 minutes away. The town centre has numerous high street and independent shops along with a great choice of restaurants. There’s also a leisure centre and a cinema while Brighton and the coast is just 12 miles away.
 
If you would like to view these shared equity apartments, which are available from £199,500 contact Alison Guyton on 01403 282511  or call in to our local branch of Henry Adams in Park Parade, Haywards Heath, for more information.

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