Adrian Gets His Shared Ownership House in Ashford
As part of Adrian's Person Centered Plan Adrian requested a
house of his own. With the help of Advance Housing Adrian
has his dream come true.
Shared Ownership Housing
for People with a learning disability.
Shared Ownership helps people who could not afford to purchase their own home.
You may need support to achieve Shared Ownership such as a family member, advocate, support worker or a Broker.
The person buys a share of the property and pays rent for the other part,
Shared ownership can work well for people that have support needs, the person
can get a mortgage for example a 65per cent share and rent the other 35per cent from a Housing Association
Under the lease the Housing Association is responsible for the essential repairs. These repairs are funded through Housing Benefit.
You will need to borrow money, this is called a mortgage. To buy your share, you will get an, ’interest only’ mortgage which is paid to people with a learning disability as long as they have received benefits which include Income support for at least 39 weeks or Incapacity Benefit for 39 weeks or Job Seekers allowance (Income based) also for 39 weeks.
The Housing Association rents their share to the person with a learning disability. Your rent may be paid by Housing Benefit.
You will need a mortgage broker to guide you through a mortgage application, which you will need to pay for.
You will require legal advice; therefore it is useful to work with a solicitor who has the understanding of shared ownership.
It will be important to know before the work is started how much they will charge.