Your Route to Homeownership
*The minimum initial share will vary depending on the home, not all homes will be available to purchase from 10%. The percentage share and rent amount will change depending on the amount you can afford. For further information please speak with a member of the sales team.
Shared Ownership is a more affordable way to buy a home, giving you the opportunity to purchase a share that suits your budget and pay rent on the remaining share.
As you only need a mortgage and deposit for the share you’re buying, it could help make owning your own home feel more achievable. You can purchase more shares in your home through Stairpay, helping you increase your ownership over time and reduce the rent you pay.
Explore a collection of carefully designed homes built for modern living across Yorkshire. With a range of properties to suit different lifestyles and life stages, there’s a place to feel at home for everyone with Mulberry Homes.
We’ve partnered with Stairpay to make buying more shares in your home as simple and straightforward as possible. There’s no fixed timeline, so you can choose to increase your share when it suits you and your circumstances.
Their easy-to-use online calculator can help you understand how much more you may be able to afford and see how increasing your share could reduce the rent you pay.
Many shared ownership properties allow you to increase your ownership over time until you own 100% of the home, although this depends on the terms of your lease. Our team can explain what applies to your property.
All homes purchased through Shared Ownership are initially leasehold. In many cases, once you’ve staircased to 100% ownership, the freehold can be transferred to you. Apartments will remain leasehold, as they would when purchased on the open market.
Not necessarily. Depending on the terms of the lease, you may be able to purchase a share between 10% and 75%. We often advertise a 40% share as a helpful starting point, but the share available to you will depend on your financial assessment and affordability.
Homes are offered on a first come, first served basis, and our friendly team will guide you through the options available.
Yes. With Shared Ownership, you’ll pay rent on the part of the home you don’t yet own. Your rent will be reviewed each year and may increase in line with the terms of your lease.
The amount you pay will depend on the share you own. As you purchase more shares through Stairpay, the rent you pay will reduce. If you eventually staircase to 100% ownership, you’ll no longer pay rent, although service charges may still apply.
Your share of the home may increase in value if property prices rise, which could mean it is worth more when you decide to sell. However, property values can also fall, so the value of your share is not guaranteed.
Browse our available homes or speak to our team for friendly advice and guidance tailored to your circumstances.
