The New Model Shared Ownership scheme has some great new additions:  

• Initial share: You can buy between 10% and 75% of a new build shared ownership home.
• Lease length: All new leases have a minimum term of 990 years.
• Staircasing: You can buy additional shares in smaller amounts, starting from just 5%.
• Gradual staircasing: Buy 1% of your home each year for 15 years with lower fees.
• Repairs period:  Your new build home comes with a 10-year repair period starting from the date of completion of your new build home.  During this time, Warwick District Council could assist with eligible structural and non-structural repairs.

The size of the share you purchase is determined by an affordability assessment. Your income, outgoings, and the property price will all be considered to figure out what you can afford.

Want to know more? Get in touch by filling in this form - Shared ownership application