Fixed Equity Sales
Fixed Equity is a scheme where a fixed percentage of a property is purchased (set by Rosa Homes). There is no rent payable on the remainder of the share. The share is retained by Rosa Homes in perpetuity. A service charge will be payable.
Fixed Equity Sale homes are developed by the Chevin Housing Group and in partnership with Private Developers. Most have between 1 and 4 bedrooms. Prices vary according to location, however Rosa Homes develops quality, affordable housing for people with limited income.
The scheme is intended for people who cannot afford to buy a suitable home in any other way. Purchasers are usually first time buyers with priority given to local authority or housing association tenants and those on waiting lists. Rosa Homes will also consider applicants who are having to sell their present properties due to a reduction in their income or relationship difficulties.
Purchasers must be able to obtain a mortgage through a Bank or Building Society to meet their purchase cost. Rosa Homes has discussed New Build HomeBuy and Fixed Equity Sale schemes with a number of the leading Banks and Mortgage Lenders who have indicated their willingness to provide mortgage facilities, subject to status.
If you would like to own your own home, but cannot afford to purchase outright on the open market, New Build HomeBuy/Fixed Equity Sales could be the answer. New Build HomeBuy/Fixed Equity Sales allow you to purchase a share of a house or flat and pay and/or rent/service charge for the remainder (dependent upon the scheme). Later, if you can afford it, you may be able to purchase further shares until you own the property outright (if the scheme is
eligible). All prospective purchasers are required to complete Rosa Homes' application form.
Fixed Equity is a scheme where a fixed percentage of a property is purchased (set by Rosa Homes). There is no rent payable on the remainder of the share. The share is retained by Rosa Homes in perpetuity. A service charge will be payable.
Fixed Equity Sale homes are developed by the Chevin Housing Group and in partnership with Private Developers. Most have between 1 and 4 bedrooms. Prices vary according to location, however Rosa Homes develops quality, affordable housing for people with limited income.
The scheme is intended for people who cannot afford to buy a suitable home in any other way. Purchasers are usually first time buyers with priority given to local authority or housing association tenants and those on waiting lists. Rosa Homes will also consider applicants who are having to sell their present properties due to a reduction in their income or relationship difficulties.Purchasers must be able to obtain a mortgage through a Bank or Building Society to meet their purchase cost. Rosa Homes has discussed New Build HomeBuy and Fixed Equity Sale schemes with a number of the leading Banks and Mortgage Lenders who have indicated their willingness to provide mortgage facilities, subject to status.
If you would like to own your own home, but cannot afford to purchase outright on the open market, New Build HomeBuy/Fixed Equity Sales could be the answer. New Build HomeBuy/Fixed Equity Sales allow you to purchase a share of a house or flat and pay and/or rent/service charge for the remainder (dependent upon the scheme). Later, if you can afford it, you may be able to purchase further shares until you own the property outright (if the scheme is
eligible). All prospective purchasers are required to complete Rosa Homes' application form.
Applications are assessed, priority is given to first time buyers who fall into the following categories:
- Tenants of a local authority or housing association.
- People registered on the waiting list of local authorities or housing association(s).
- People moving into the area of the scheme in order to take up employment.
- Other first time buyers in housing need, including those in relationship breakdowns or who are unable to afford the cost of purchasing a property on the open market.