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Flat or house – flats are nearly always leasehold, so you will pay a regular service charge and you may have to renew the lease. More information on purchasing a leasehold property can be found in the How to lease guide. These are charged annually, usually if your property is a flat or maisonette, but sometimes even if it is a house, for services such as communal grounds maintenance.

Both schemes were designed by the Government to allow social housing customers to buy the home they currently rent, at a discount. If you decide to buy a Shared Ownership home, you’re effectively purchasing a portion of your property. Your initial share will usually be between 25% to 75%, paying a mortgage on the part that you own and a below market value rent on the remaining share. We offer a host of paid-for optional services and we also make money from third party advertising on our site. Every property listing brings us more visitors, makes our search more unique and helps us increase our advertising revenue, so it’s in our interests to offer free property ads to all our users. He is the most open of all stars of the show on social media, and has recently shared another image of his home.

Looking at price comparison websites can help you to understand the types of product available. Using a mortgage broker can be a good way to get individualised mortgage advice, although you may have to pay a fee. Equally, many lenders will have mortgage advisers who can advise on their own range of products.

Estate agents must be upfront about lease length, any costs or fees, and how these might change over time. As the lease length gets smaller, the property value may be affected, especially once it falls under 80 years. Many developers will ask you to exchange contracts and pay a deposit shortly after reserving the property. You should make sure your lender and legal representative are aware of the deadline and are able to meet it. The estate agent will help guide you through the buying process and work with other parties to help the sale progress. But remember – their primary role is to help the seller sell their property.

You will also need to seek an estimate for legal fees from a solicitor. You can purchase a home through Viaduct, where you will find market sale and shared ownership properties. Using our property search tool, you can search for homes that suit your needs via filters such as location, number of bedrooms, monthly outgoings and deposit amount. You can also set up alert preferences so you’ll be notified when new properties that meet your search are announced by email.