02:47PM, Monday 18 January 2021
As 2021 gets underway, SO Resi, the shared ownership brand of housing association Metropolitan Thames Valley Housing, is on hand to help buyers make the move with shared ownership this year. Kush Rawal, Director of Residential Investment, offers his top tips for using the homebuying scheme…
Get your finances in order
If you are planning on buying a home this year, it’s important to get your finances in check as early as possible. Try to reduce the amount of outstanding credit you have, make sure you are on the electoral role, and close down any credit cards that you are no longer using. To make your finances go further, get smart with your savings – putting your cash into a Lifetime ISA will mean that for every £100 you save, the Government will boost this by £25.
Research is key
Spend time researching where you want to live and what you are looking for in a new home. You can also register on the SO Resi website and be notified of upcoming developments in your preferred location and surrounding areas, making it easier to find out about the homes available. If you’re not sure where to start, speak to the SO Resi team who can guide you through the process of searching for a shared ownership home.
Prepare to be flexible
Whilst buying a new home is exciting, it’s important to weigh up your priorities and assess what is a necessity, and what may just be an attractive bonus. Location can be one of the biggest factors in house prices, so if you can manage a slightly longer commute, you may find that your budget will stretch further.
Speak to the experts
It can be tempting to spend hours searching online for the answers to your questions, but it’s always best to speak to the experts directly, as they will be able to offer accurate advice on your own individual circumstances. Our SO Resi sales team is always on hand to answer any questions about buying through shared ownership and will be able to recommend reputable mortgage advisers and conveyancers.
Whilst we may be in the midst of a temporary lockdown, the housing market is remaining open. SO Resi will provide virtual tours for all customers initially, whereby a Sales Adviser will guide you through the property, answer any questions you may have and discuss reserving off plan. After a virtual tour has taken place, households or support bubbles will have the opportunity to view the show home in person.
What can I buy?
SO Resi Maidenhead offers a collection of one and two-bedroom apartments close to Maidenhead station. Prices start from £70,000 for a 25% share in a one-bedroom apartment [full market value: £280,000].
To find out more about SO Resi Maidenhead, or to arrange a viewing, visit www.soresi.co.uk or call 020 8607 0550.
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