News story published on 27 January 2015
As house prices in rural areas continue to rise at an astonishing rate, many local people are finding that they are simply being priced out of the housing market.
However, Peterborough-based housing association, Cross Keys Homes, has stepped in to help by offering spacious two-bedroom shared ownership apartments in the picturesque village of Helpston – just 10 minutes commute from Peterborough.
Starting from as little as £22,500; these shared ownership apartments enable buyers to purchase a share of the property and pay rent on the share they do not own. As and when they are ready, shared owners can purchase further shares in their home until they own it outright.
Cross Keys Homes’ Sales and Lettings Officer, Shanise Fowler, said: “We are delighted to be able to offer affordable home ownership in Helpston on the Linden Homes development.
“Shared ownership assists a whole range of people in different circumstances from first time buyers to people going through relationship breakdowns where they are forced to sell their marital home or people wanting to downsize from larger rented accommodation.
“We have already helped more than 200 people get their first foot onto the housing ladder and are keen to help many more people who are struggling to find a suitable home at a price they can afford in our area.”
For more information about purchasing a shared ownership apartment at Helpston visit: www.crosskeyshomes.co.uk/sharedownership or call: 01733 396406.