A local connection to the county of Dorset is required
- Modern fitted kitchen with built-in oven, hob & extractor
- Ground floor W/C
- Spacious bedrooms
- Quiet Location
- Good size garden
<p>Anticipated for completion Summer 2021, Sovereign is pleased to announce the first phase of new homes at the Bank & Ridge Farms development in Chickerell, Dorset.</p> <p>A range of properties will be available in this first phase including one bedroom apartments, two bedroom terraced houses and three bedroom terraced houses. </p> <p>Built by CG Fry & Son, these properties will be situated in the town of Chickerell which is a growing area just outside Weymouth that offers an abundance of natural beauty on its doorstep. You’ll find a host of good local amenities nearby such as supermarkets, pubs, a pre-school and a primary academy locally.</p> <p> Weymouth is just 3 miles down the road with its beautiful beaches and a host of other services. </p>
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We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
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- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then shared ownership could be right for you
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.