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Discover Katerina’s story: A new life in her Shared Ownership home
Katerina and her family had been renting close to the city, but when it was time to move, the rising costs of both renting and buying made finding a new home challenging. That’s when she discovered Plumlife and learned about Shared Ownership – a model that made homeownership more accessible for her family.
While browsing the Plumlife website, Kat came across Francis Place in Walkden and fell in love with The Aspen, a modern three-bedroom home featuring a spacious lounge diner, private turfed garden, and off-road parking. The location was perfect, with great amenities, schools, and Blackleach Country Park nearby.
With Shared Ownership, she was able to purchase a 25% share worth £69,625, making it possible to get onto the property ladder quicker than she had expected.
Kat shared her experience:
“The cost of housing was a big challenge for us, but Shared Ownership made it possible. We didn’t have the money to buy outright, but we could afford the lower deposits that Shared Ownership provides and now have an amazing new home. My kids love it, my husband loves it, and we’re all happy here. We’re ready to settle down.”
Thanks to Plumlife’s Shared Ownership scheme, Kat and her family now have a place to call their own, an affordable, modern, and well-located home where they can build their future.
What is Shared Ownership?
Shared Ownership is a way to buy a share in a home now with the option to buy more of it in the future. You pay a rent on the share of the home that you don’t own. Initially, you can buy the share of a home that you can afford, usually between 25-75% and then you’ll pay rent on the other share. Sometimes, this can be as low as a 10 per cent share.
If you would like to explore what other Shared Ownership developments we have available, you can view them here.
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