(Homebuy was formerly known as Shared Ownership)

Homebuy is a scheme for those who wish to get their foot on the property ladder but who may only be able to obtain a small mortgage. A suitable candidate would be invited to purchase a share of one of the selection of properties owned by Beth Johnson (usually 50%). On the remaining share owned by the Association, a monthly rent would be charged and sometimes a service charge. After 12 months you can buy more shares if you want to. In most cases you can increase up to 100% although for some properties in rural areas, staircasing may be restricted to 80%.

Proposed developments

The following developments are proposed.

In some cases priority will be given to those already resident in the area or those who have a strong connection to the area but other applications will be considered

Bevan Lee, Cannock

Two, three and four bedroom houses. The first houses are now available (details overleaf) with further houses in summer 2008 and summer 2009.

Hanley, Stoke on Trent

A selection of refurbished two and three bedroomed terraced houses in Hanley, Stoke on Trent. Please see next page for details of properties currently available. A further one property will be available in March 2008.

Telford Millennium Community

A selection of properties will be available early in 2008. Please call to register your interest and to enable us to contact you when further details are available.

Lawley, Telford

This is a large and creative, long-term development with a wide selection of property styles. There will be a number of shared ownership units becoming available across the coming years.

Please call to register your interest and to enable us to contact you when further details are available.

We are currently considering properties in Craven Arms, St Martins, Bridgnorth, Duddlesdon Heath, Dorrington, Newcastle under Lyme and Wheaton Aston.

Currently Available

The following Homebuy properties are now available.

In some cases priority will be given to those already resident in the area or those who have a strong connection to the area but other applications will be considered.

A selection of two and three bedroom refurbished houses in Hanley, Stoke on Trent

24 Homer Street £36,750 for 50% share £84.22 p.c.m. rent

41 Homer Street £37,500 for 50% share £85.94 p.c.m. rent

47 Homer Street £38,750 for 50% share £88.81 p.c.m. rent

3 Homer Street (3 bed) £42,500 for 50% share £97.40 p.c.m. rent

65a Well Street £38,750 for 50% share £88.80 p.c.m. rent

28 Ivy House Road £37,500 for 50% share £85.94 p.c.m. rent

Scholars Gate, Stafford (Three remaining)

Newly built two bedroom apartments with fitted kitchen and master bedroom with en-suite. Fabulous location with easy access to the county town of Stafford, local schools, motorway and railway. 25 -75% shares from £35,625 (share to be purchased will be advised by Association, following assessment) with proportionate monthly rents, including buildings insurance

Bevan Lee, Cannock

Two bedroom semi-detached houses on this new and pleasant development. Fitted kitchens, enclosed walled rear gardens. 50% shares for sale at £67,500 with monthly rent of £154.69.

Wedgwood Gardens, Leek Road, Hanley, Stoke on Trent – 2 & 3 bedroom houses

Beautiful two and three Bedroom houses on this exiting new development.
Houses with enclosed rear gardens and sheds. 50% shares for sale starting from £58,500, with monthly rent starting at £134.07.

Please note that these details are for guidance only and the intended purchaser should satisfy themselves by inspection or otherwise of the correctness of the contents

For Homebuy re-sales please contact our West Bromwich office on 0800 2889781

If you would like more information, a Homebuy application pack or would like to discuss your circumstance further, please contact:

Mandy Riley, Senior Sales Officer, or Gill McGovern
Tel: 01782 203570 / 69
Email: amanda.riley@sanctuary-housing.co.uk
or markerting&lettings@sanctuary-housing.co.uk