![\"Homes](\"http:\/\/www.harmonihomes.com\/cy\/wp-content\/uploads\/sites\/13\/2021\/09\/Homes-in-Bedwas-with-harmoni-logo-300x225.png\"){kind=logo}
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We\u2019re dispelling the myths about shared equity homes, showing why they are a great option for first time buyers\u2026.<\/p>\n
Myth 1: Low cost home ownership is a bit of a last option<\/strong> Myth 2: Low cost home ownership homes are \u2018sub-standard\u2019<\/strong> Myth 3: The monthly costs are high<\/strong> Myth 4: Low cost home ownership homes are hard to find<\/strong> Myth 5: Low cost home ownership homes aren\u2019t big enough for a growing family<\/strong> Myth 6: You can\u2019t make money on these houses so it\u2019s not a good investment.<\/strong> Myth 7: Low cost home ownership properties are hard to sell<\/strong> Myth 8: The process of getting a low cost home ownership home is complicated<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" There are many misconceptions about Low Cost Home Ownership (LCHO). The reality is that it\u2019s a perfect solution if you want to get on the property ladder but have limited income to save for a large deposit. We\u2019re dispelling the myths about shared equity homes, showing why they are a great option for first time […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,14],"tags":[],"class_list":["post-4111","post","type-post","status-publish","format-standard","hentry","category-development","category-harmoni-homes"],"acf":[],"yoast_head":"\n
\nIt certainly is not a last option. Most first time buyers need a deposit of approximately \u00a330,000 today \u2013 that\u2019s ten times as much as 30 years ago! By taking part in this scheme you will need a deposit of between 5%-15% of the 70% equity that you will hold in the property, you do not need a deposit for 100% of the value.<\/p>\n
\nOur homes are built to the same quality as any other property for \u2018outright sale\u2019. Instead of being forced out of the area where you grew up, low cost home ownership allows first time buyers to buy a quality home in an expensive area at an affordable price.<\/p>\n
\nNot at all, in fact low cost home ownership is often cheaper than renting. There may be a small annual cost to maintain a communal area or grounds but this will normally be shared amongst all residents at the housing development.<\/p>\n
\nWe regularly market properties available to purchase under our low cost home ownership scheme at many new developments. Please look at harmonihomes.com to find what LCHO properties we have available and follow us on Facebook.<\/p>\n![\"11](\"http:\/\/www.harmonihomes.com\/cy\/wp-content\/uploads\/sites\/13\/2020\/11\/HBW12-300x225.jpg\")
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\nThe size of our low cost home ownership homes vary from one to four bedrooms, ideal if you\u2019re a first time buyer. Our scheme helps you get onto the property ladder, giving you that helping hand if you wish to purchase an even bigger property in the future.<\/p>\n
\nIf your home increases in value, so does the value of your 70% share in the property. If you wish to buy your home outright and purchase the shared equity that United Welsh\u00a0owns, you would have to pay 30% of its current market value. That means, if your property decreases in value, you could purchase your home outright for less than the initial value.<\/p>\n
\nWrong! These homes are marketed in the same way as any other property for sale. In fact, they maybe more attractive to buyers for their affordable prices.<\/p>\n
\nThe\u00a0process is simple and our team are here to help. Get the ball rolling and click on the blue circle icon bottom right of your screen to chat to our Customer Engagement team.<\/p>\n