Once you’ve settled into your SO Resi home, you might want to own more of it. That’s easy. You just stay in your home and buy a bigger share of it. It’s really flexible, so you can step up in time with your budget and your life. Why is a bigger share a good thing? Owning more of your home can be a satisfying feeling – and so can working towards owning 100% of it.
Ready to take the next step? Give us a call on 020 8607 0550 to talk through your requirements or you can read more about how it works here. Alternatively, you can contact us at email@example.com
If you choose buy more shares with SO Resi Plus, you have all the benefits of the traditional way of owning more equity in your shared ownership home with much more flexibility.
• No solicitor’s fees
• No valuation fees
So how does it work?
SO Resi Plus gives you the option of buying an extra 1% of your home each year at a price that is set from day one, even if property prices go up.
• In the first year it will cost 1% of your home’s full value
• Then the amount you pay will go up by 3% a year
We’ll get in touch each year to confirm the price and ask whether you want to go ahead. SO Resi Plus lasts for 15 years, so you can buy up to an extra 15% of your home this way.
Got a question?
No problem. We’ve answered some of the most commonly asked questions about buying a bigger share here. Want to talk it through? Just give us a call on 020 8607 0550.
If you've decided its time to sell, just let us know and we’ll start working to find a buyer for you. We understand that there’s a lot to think about when you’re selling your SO Resi home. That is why we’re here to help with all your questions. You can call our SO Resi Resales team on 0208 607 0550 to talk through the next steps of selling your home.
Homeowners who currently have an equity loan with Metropolitan Thames Valley Housing (formerly Thames Valley Housing), can find information about how to repay their loan here: Thames Valley Housing and Metropolitan Housing Trust. Alternatively, you can just give us a call on 020 8607 0550 for help with repaying your equity loan.