New: Shared Ownership schemes Shared Ownership is the perfect solution for people who want to own their home but are struggling to save a big deposit. - Lesley Warburton, Home Ownership Manager, Ongo.
wo new homes, part of the Keigar development on Ennerdale Road, Scunthorpe, have been developed and will soon be available to buy through a Shared Ownership scheme. They’re the first shared ownership homes offered for sale by Ongo, and they pave the way to our plans to increase the different types and tenure of homes we can offer in the future. The two new homes are two-bedroom and three-bedroom and would make ideal family or starter homes. The real benefit of a shared ownership scheme is that people can part-buy, part-rent their home, which helps those who can’t take on a big mortgage or save for a large deposit. Buyers can buy between 25% and 75% of their home with the chance to increase their share in time. The remaining share will be rented through us. There are some criteria to qualify for the scheme, such as a household income below £80,000. These properties could pave the way to more shared ownership properties in the future.
Market Hill makeover
hat a year it’s been for Market Hill. Not only will the estate celebrate its 50th anniversary of being officially opened in October, it’s receiving a bit of a makeover too. Some of our tenants helped to appoint the contractors for the work; United Living, who began refurbishments back in June this year. Each lift in the tower blocks will be receiving brand new pulleys and mechanics, (one at a time) and all windows in the tower blocks will be refurbished, including the glass, handles, and locks. It’s a big job, and our aim is to ensure minimal disruption to our residents. We’ve also identified those who struggle to use stairs whilst their lift is out of action. We’ve had stairlifts installed on these floors, and have appointed a tenant liaison representative who will supply extra support to those who need it. Communal areas will be given a revamp too, and the friendly bunch at Concierge; Barry, Mari and Karen will soon be enjoying a new space.
Albert Marson regeneration
onsultation has recently been held which received a very good turnout from local residents keen to find out plans for the area. All of the feedback we received was very positive and people can’t wait for the work to get started. Keep an eye on our website www.ongo.co.uk for more development updates.
Interested in shared ownership with Ongo? Register for future updates by visiting www.ongo.co.uk/sharedownership