Shared Ownership
Pobl Living Shared Ownership is our most flexible purchase option; you can choose how much of a property you buy and buy more if you want to as and when it’s convenient for you.
Open Market Sales
Building high quality homes across south Wales, we’re confident that we can offer just what you’ve been looking for. Our homes are always meticulously designed with you in mind.
Homebuy
When we work in partnership with local authorities and national house builders we are able to offer buyers our Pobl Living Homebuy option.
dreams come true
Shared ownership
Shared ownership is our most popular affordable purchase options; you can vary how much of a property you buy according to your circumstances (between 50-65% initially) and buy more shares if you want to as and when it’s convenient for you.
Typically, you buy a share of between 50-65% of a property and pay a rent on the part that you don’t own. The higher the share you purchase, the less rent you will have to pay. Usually, at any time after 1 year, you have the option to increase your shares if you can afford to and would like to do so, this is called staircasing.
One of the great things about buying with shared ownership is that mortgage providers often ask for a lower deposit*, sometimes just 5% of the share you’re buying not of the 100% value, making buying a new home without a large deposit a possibility.
who is eligible for shared ownership?
Shared Ownership can help first time buyers and homeowners alike who have
equity from the sale of a previous property. You could be downsizing or have a change of circumstances which means you cannot afford to buy a home to meet your needs or requirements.
Get in touch with us to find out more about the eligibility criteria.
We either offer Pobl’s own Shared Ownership scheme or the Welsh Government’s Shared Ownership Wales initiative depending on the development and plot you’re interested in.
Shared ownership is a great way of getting your foot onto the property ladder and we’re passionate about promoting the benefits of shared ownership to more buyers in Wales.
We have homes to buy through shared ownership on all our developments – browse our range of homes available in south Wales.
Pobl Living Guide to Shared Ownership
Find out more about the Welsh Government’s Shared Ownership Wales initiative
*deposit amount required by your mortgage provider may vary.
Help to Buy Wales
We can also offer Help to Buy Wales on the homes we sell on the open market up to
the value of £300,000.
Help to Buy Wales is a Welsh Government-backed scheme that assists people who want to buy a new build home with just a 5% deposit.
How does it work?
- the purchaser provides a 5% deposit
- the scheme provides an Equity Mortgage of up to 20% of the purchase price
- the purchaser takes out a repayment mortgage to cover the remaining amount (75%)
Purchasers pay 80% of the property price now and the remaining 20% is provided by an equity mortgage which is interest free for the first 5 years.
Financial Example: Property worth £250,000
- Deposit (5%): £12,500
- Shared equity mortgage from Welsh Government (20%): £50,000
- Your mortgage (75%): £187,500
find out more
To find out more, head to the Welsh government’s website. There’s buyers’ guides, an eligibility checker, the application form – you’ll find lots of information that will help you decide whether Help to Buy Wales can help you buy a brand new home.
Homebuy
Occasionally, when we work in partnership with local authorities or national house builders we are able to offer buyers our homebuy or shared equity option.
Homebuy allows you to buy 100% of a property for a percentage of its open market value. The remaining cost is funded by an equity loan, unlike shared ownership there isn’t any rent to pay on the equity loan.
You can repay this loan at any time, otherwise, when the property is sold, the sale price will be split according to the relevant percentages.
We are currently offering homes to buy through Homebuy at cwrt sirhowy, blackwood
Open market
Building high quality homes across south Wales, we’re confident that we can offer just what you’ve been looking for. Our homes are always meticulously designed with you in mind.
We use our in-depth knowledge of Wales to inspire and influence our developments to create homes and neighbourhoods where people love to live.
Selling your Home
If you ever want to move, you can sell your share with the help of our dedicated Home Ownership Team.
If you would like more information please email us.