BUILDING HOMES
We recognise it's increasingly
difficult for people to get
on the housing ladder.
219People were helped
purchase a home
through Shared
Ownership
this year.
98Residents were
helped acquire
additional shares
in their property
in 2019.
Jon and Mollie's story
SHARED OWNERSHIP TURNS
HOME DREAM INTO A REALITY
When couple Jon and Mollie spotted
their dream home in Cane Hill, Coulsdon,
they thought it was well out of their
price range.
But a Shared Ownership opportunity
with us turned their distant hopes into
a reality.
The pair have moved into a stunning
two bedroom home in a location they
so desperately wanted to live in - for a
deposit of just £11,375.
Jon, who had previously been living in a
one bedroom rented flat with Mollie, said:
"When we were searching for a new home
we didn't even think of new builds. We were
looking at small, older houses. I knew very
little about Shared Ownership, but did a
little bit of Google work and soon found out
with less deposit we could get a house."
Originally, Jon, 28, and Mollie, 26, had
researched private homes in Cane Hill,
but three-bedroom houses were on the
market in excess of half a million pounds.
However, they couldn't believe their
luck when they spotted a perfect Shared
Ownership two bedroom house in
the same area. A viewing was swiftly
arranged and the excited couple headed
to the popular leafy neighbourhood.
Jon added: "We looked around for ten
seconds and said 'can we have it!'."
By the beginning of October they had
moved in. The couple went for 25% share
of the property, worth £113,750, and paid
a 10% deposit.
The joy of Shared Ownership is they'll be
able to buy a bigger share in the home in
the future if they wished.
11
HOME
OWNERSHIP
Optivo Annual Review 2018-2019