Ownership options

At Karbon we help make choosing a home, and the buying process, as stress-free as possible. Our specialist team offer straightforward advice to help you with the next step of the property ladder.

What are my home ownership options?

Shared Ownership

Shared ownership means you part buy, part rent your home. The smallest share you can initially buy is usually 25% and 75% is usually the maximum. You will need savings and/or a mortgage to pay for the share you want to buy, and you will pay monthly rent on the share you don’t own.

Rent to Buy

Rent to Buy is aimed at people who would like to buy a property but who currently don’t have enough savings to cover a deposit – you rent before you buy! You will be assessed to see if you can afford to initially rent the property, with the longer term aim to buy the home in the future. Rents are 80% less than market rents, to enable you to put this saving towards a deposit.

Older Persons Shared Ownership

We have various low-cost home ownership options open to potential buyers aged 55 and over, most of which involve owning a share of a leasehold property. Purchasers can usually buy from 25% to 75% of the property. Rent and/or service charges may apply.

For more detailed information on our home ownership options, or the properties we have available, call the home ownership team on 0191 223 8749 or email karbon.homebuy@karbonhomes.co.uk

Can I afford to buy?

We can help you work out what you can afford to buy.

Our home ownership team will look at your income and your outgoings, as well as your living situation, before recommending home ownership options suitable for you and your finances.

The percentage of a shared ownership home you can buy is influenced by a number of factors, like how much you earn and if you have a deposit saved.

You will need to arrange your own mortgage, but we can give you help to find out about mortgages and where you can go for specialist advice.

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