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Homeowners

There are a number of ways to buy a home from us. Lots of people choose Shared Ownership as an affordable way of getting on to the property ladder.  Buying a share in a property based on what they can afford, and paying rent on the remaining share that we own. 

Shared ownership is not about sharing your home with someone else – if you bought your home through a shared ownership scheme, it is your home, you just share the ownership of it with us! So, you’re free to decorate it and make it your own. You can also sell your part of it too, if you need to move.

If you bought your home through the Right to Buy or Right to Acquire Scheme, or have purchased a property from someone who previously purchased through either of the schemes, you will either be a leaseholder or a freeholder. if you bought an apartment your are likely to be a leaseholder and if it was a house you are likely to be a freeholder.

If Irwell Valley Homes sells a house, or a Shared Owner goes onto buy 100% of their property, we would usually sell it as a freehold.  Sometimes, for specific reasons it may be sold as a leasehold, but generally it’s a freehold. As a freeholder you will own the Deeds to the property and own the property outright. There is no time limit, like a lease.

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