Helpful information about the costs involved

Q: What are the costs involved when buying a Shared Ownership home?

A: Please ensure you have savings and you plan your budget to cover the mortgage deposit for the share of the property you're buying, legal fees, survey fees, mortgage fees and any stamp duty costs.

Q: What are the costs involved when buying a share of the property with cash?

A: If you don't require a mortgage to purchase your share you will need enough funds to cover all of the above costs, less the mortgage fee cost.

Q: What are the stamp duty costs when buying a Shared Ownership home?

A: Please check with your solicitor at the time of purchase as you would do when buying a house on the open market.