Customers must have a local connection to West Berkshire Council
- Exciting new development
- Excellent road and rail links
- Modern fitted kitchen with built-in oven, hob & extractor
- Stylish bathroom suite
- Allocated parking space
<p>Sovereign is excited to announce that a selection of 2, 3 & 4 bedroom homes are coming to the brand new development of Cherry Blossom Meadow in Newbury.<br> <br> The first phase of 2 bedroom homes are anticipated for completion in summer 2021 and come complete with a modern fitted kitchen, stylish bathroom suite and allocated parking.<br> </p> <p>Newbury is a lively market town situated in West Berkshire. Living here you’ll be well-located for easy access to the A339, A34 and M4, providing you with excellent transport links to neighbouring towns and villages including Basingstoke, Reading, Hungerford, Winchester and Oxford. The town centre is just a short walk away, home to a fantastic selection of independent and high street shops, eateries and leisure facilities.</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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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.
- 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.
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.