Final shared ownership homes remain in Surrey villages

Just a handful of Shared Ownership homes remain for sale in two of Surrey’s most desirable villages. 20 one and two-bedroom apartments and two-bedroom houses remain for sale at SO Resi Cranleigh, while four one and two-bedroom apartments remain at SO Resi Oxshott, offering local home movers and first-time buyers the opportunity to get onto the property ladder for a fraction of the price.

Shared Ownership allows buyers to purchase a share of a property, if they are able to demonstrate that they would not be able to afford to buy a home otherwise. Buyers will secure a mortgage on the portion of the property that they are buying, while paying a below market rate rent on the remainder – with the opportunity to buy more shares over time to achieve 100% ownership of the property.

The beauty of Shared Ownership is that it allows buyers to put down a very low deposit to secure the property – just 5% of the portion that they are buying, reducing the high upfront costs of getting on the property ladder. For an apartment valued at £340,000, a deposit could be as low as £4,240 (5% deposit based on a 25% share of £85,000). For a house valued at £475,000, a deposit could be as low as £5,937 (5% deposit based on a 25% share of £118,750).

Kevin Sims, Director of Sales & Marketing at SO Resi comments: “First-time buyers and low-to-middle earners in Surrey are reaching crisis point, many of whom simply can no longer afford to keep up with the costs of living within the county. These buyers are often required to relocate to get onto the property ladder or continue renting indefinitely. Shared Ownership is a crucial foothold for these individuals, offering a more accessible alternative to homeownership, with lower deposit and mortgage borrowing requirements. With just a handful of our homes remaining across our developments in Oxshott and Cranleigh, we encourage buyers to get in touch with us now to avoid missing out.”

SO Resi Oxshott is an exclusive collection of homes and apartments in a semi-rural woodlands setting within the M25 commuter belt. Built to an incredibly high specification, each apartment is fully finished throughout, including fitted Hacienda kitchens, fitted wardrobes, white good, and flooring throughout. Each home also comes complete with a dedicated parking space and EV charging point, and is set within landscaped communal grounds.

Set within The Weald that borders Surrey and Sussex, SO Resi Cranleigh offers a mix of character apartments and two-bedroom terraced homes set within the wider Leighwood Fields development. Built in the traditional local style, the properties include bay windows, gables and porches, with archetypal contrasting brickwork and roofing. Each home is kitted out with Zanussi white goods, a fitted bathroom, and flooring throughout, meaning that buyers can step straight into their fully finished home.

Just four homes remain at SO Resi Oxshott, where prices start from £110,250 for a 30% share of a one-bedroom apartment.

The final homes at SO Resi Cranleigh are now available to buy, meaning now is the last chance to purchase the one and two-bedroom apartments or two-bedroom terraced houses at the development. Prices start from £85,000 for a 25% share of a one-bedroom apartment.

To find out more, visit www.sharedownership.co.uk or call 020 8607 0550.