Developer providing even more shared ownership homes in Manchester

Latimer, the development arm of Clarion Housing Group, continues to deliver on its commitment affordable homes in the Northwest through three attractive new developments in the Manchester area.

Shared Ownership Shared Ownership, commonly referred to as part-buy or part-rent, can in theory, be a more affordable route into homeownership than buying on the open market. It can provide a more accessible way for property buyers to purchase their dream home with a flexible, low-deposit step onto the property ladder.

The property can also be sold at any point, whether it’s owned outright, or rent is still being paid on the remaining share. Once shares are increased to 100 per cent - at a timing that matches a buyer’s lifestyle - the home is owned outright in full. Through Help to Own, friends and family members can help their loved ones save for a deposit while also benefitting from any future rises in the price of the property through their equity stake.Property buyers looking to jump onto the property ladder and own a contemporary apartment in the heart of Manchester will be pleased to hear that more than half of the 106 homes at Latimer’s Islington Wharf development will be available to buy through these means.

The high proportion of Islington Wharf apartments available through shared ownership will provide prospective buyers with a route to homeownership in one of the UK’s leading cities. Prices at Islington Wharf start from £80,850 for a 35 per cent share of a first release apartment valued at £231,000 full price, requiring a 5 per cent deposit of just £4,043.

Prices start from £55,475 for a 35 per cent share of an apartment valued at £164,950 full price, with all apartment sizes available on shared ownership.The final homes at the set of premium apartments in the creative hub of MediaCity are currently available, with the last set of shared ownership properties available.

Source: Real Estate Daily Report (realestatedailyreport.net)

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