Buying your first home now easier

Aspiring home owners in West Sussex are one step closer to home ownership this year with a ground-breaking new 95 per cent Loan to Value (LTV) mortgage, available on shared ownership properties bought from leading provider of affordable homes, Affinity Sutton. It means that for a deposit of under £2,400, first time buyers can get on the first rung of the property ladder.

In a first for the sector, Affinity Sutton has joined forces with a leading high street bank to enable first time buyers with as little as five per cent deposit to purchase a share of their own shared ownership home.

With Affinity Sutton properties in West Sussex starting at just £46,250, this exclusive new deal will help those who would not normally be able to afford home ownership to get a foot on the ladder and purchase a share of a brand new Affinity Sutton home and pay a subsidised rent. At a later date if they wish to, they may be able to increase their share until they own 100 per cent of the property.

Yvette Ruggins, sales director of Affinity Sutton comments: “With most mortgage offers requiring deposits of up to 25 per cent, which for many is un-achievable, this new deal represents a real opportunity for first time buyers to get on the housing ladder.”

In West Sussex this will mean buyers can purchase a minimum 25 per cent share of a property with a deposit from just £2,300 at the following developments:

Arun Fields, Yapton: two bedroom houses from £46,250 for a minimum 25 per cent share (full purchase price £185,000). You only need a five per cent deposit of £2,313.

Graylingwell Park, Chichester: two bedroom houses from £62,500 for a minimum 25 per cent share (full purchase price £250,000). You only need a five per cent deposit of £3,125. Three bedroom houses start from £72,500 for a minimum 25 per cent share (full purchase price £290,000). You only need a five per cent deposit of £3,625.

Sea Place, Worthing: two bedroom apartments from £55,000 for a minimum 25 per cent share (full purchase price £220,000). You only need a five per cent deposit of £2,750.

Affinity Sutton at Kendall Heights, Haywards Heath: coming soon is a selection of two bedroom apartments.

For further information on the homes available for sale on a shared ownership basis, please contact Affinity Sutton on 0300 100 0303, or email [email protected]