2 bedroom apartments available at a 50% share

Chester Road
Chester Road is an exciting new development from Waterloo Housing Association, consisting of nineteen 2 bedroom apartments and a single 1 bedroom apartment.

The Challenge...
If you want to buy a home, but don't think you can afford it, think again. With the help of shared ownership - a proven scheme that works - you may find you already have the means to buy your own home...

How Waterloo can help
Many first time buyers may be reluctant to commit themselves to a purchase, despite low interest rates and competitive property prices. It is recognised that the uncertainty over job security is a major worry. Shared Ownership provides an ideal solution, because it removes the need for the commitment to a maximum mortgage, thus providing a buffer in uncertain times.

At Waterloo we have many years experience of providing homes for sale through shared ownership and have assisted hundreds of new home owners to realise their dreams. We have many new properties being built as a result of our healthy development programme in close liason with many local authorities.

HOW SHARED OWNERSHIP WORKS
Shared ownership is also known as New Build HomeBuy. It is is simply part buying and part renting a home with the help of Waterloo. The initial share (usually 40%, but dependent on affordability) is purchased by means of a mortgage from a building society in the normal way.

Rent is payable to Waterloo for the remaining share, and is reviewed annually in line with inflation.

At any point, shared owners can buy further shares of at least 10% until full ownership is acheived. Alternatively you can remain a shared owner indefinitely if you want to.

You do not have to share your home with anybody other than your own family/ household.