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Cost of living support

Advice and support to help manage the rising cost of living.

Shared ownership housing: properties at Great Chesterford

New shared ownership properties are now available at Chesterford Meadows in Great Chesterford.

About the homes

Homemade Homes who are part Accent Housing Association have 9 homes available on a shared ownership basis.

Location

London Road, Great Chesterford, Saffron Walden CB10 1QR

Type of houses on offer

2, 3 and 4 bedroom homes. Terraced and semi-detached.

Find out more

You can find more details about the homes available and the costs on the Homemade Homes website.
 

How shared ownership works

You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs.

You buy a share of the property and pay rent to a landlord on the rest.

When you buy a home through shared ownership, you:

  • buy a share between - in the Chesterford development you can buy a share of 40% or more of the home's full market value
  • pay rent to the landlord for the share they own
  • usually pay monthly ground rent and service charges, for example towards the maintenance of communal areas
     

Buying your share

The share you can buy is 40% or more.

You can take out a mortgage to buy your share or pay for it with savings. You'll also need to pay a deposit, usually between 5% and 10% of the share you're buying.

All shared ownership homes (houses and flats) are leasehold properties.
 

Who can apply

Priority will initially be given to anyone with a local connection to the Uttlesford district.  A household income of £80,000 a year or less is required to be eligible to apply for the properties.