Beyer's Bahn
Shared Ownership
With a traditional mortgage, you put up a deposit and get a mortgage for the rest of the property, so you buy 100% of that property.
With Shared Ownership, you buy a share of your property between 25%-75%, depending on what you can afford, and then pay rent at 2.75% on the remaining share. This means that you need a smaller mortgage, and a smaller deposit.
You can then buy more shares as and when you can afford them, and as you buy more shares, you pay less rent.
Eventually, you can own 100% of the property, at which point you’d only pay a service charge (if your property has one) but no rent!
Rent to Buy
91 properties at Beyer's Bahn are available with Rent to Buy, giving you the chance to rent at 80% of market rent for up to five years and therefore have a chance to save for your deposit.
This make homes here perfect for first time buyers who would like to get onto the property ladder with a bit of help, and makes buying a property a more realistic dream for many. You can find more information on Rent to Buy, and find out if it's the right choice for you, on our website.