Warwick Gates - Apartments
Harbury Lane, Leamington Spa, CV34 6SL
with min. deposit
As part of the attractive new Warwick Gates development, Sanctuary Homes are delighted to present three-bedroom homes available to buy via shared ownership.
Prices from £172,500 based on purchasing a 50% share.
Shared ownership is a government backed initiative, designed to help first time buyers get onto the property ladder. Through shared ownership you purchase an initial share of the property, usually between 25-75%, paying a subsidised rent on the remaining share. To find out more about shared ownership please speak to one of our sales advisors today by calling 01905 334800.
Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.
You can read more on the Help to Buy FAQ
The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.
Read more about eligibility in the FAQ