Shared Ownership (also referred to as Part Buy/Part Rent) is available for those who cannot afford to buy a home outright on the open market.  The scheme enables you to buy a home in stages by purchasing a share of the property and renting the remainder from South Somerset Homes. Normally applicants buy a 50% share but may purchase a larger share (as much as 75% with the option to buy more shares later on).  Whatever percentage of the property you buy, you will be required to pay rent on the remainder of the property that you have not bought.  If you buy a flat or leasehold property you will also have a service charge to pay.

You will need to raise the funds to pay for the costs of buying a share in the property, normally by arranging a mortgage. We can give you help and advice about this.

You must also normally be in full time employment (to be able to obtain a mortgage) and have sufficient savings to cover the costs of buying the home.

All the new homes are all fitted with energy efficient Worcester Bosch Condensing boilers and all the windows are UPVC double glazed and are fitted with easy clean hinges. Smoke detectors are supplied both in the kitchen and in the hallway and carbon monoxide alarms are fitted in the kitchen. Energy efficient light bulbs are also fitted in all rooms. The front and rear entrance doors are manufactured by Home Safe, which gives added security to the properties.

The bathrooms have a heated towel rail, shaver point and demisting mirror. The bedrooms, some of which have an en-suite bathroom and walk in wardrobes, have TV and Internet points plus ample double plug sockets.

Contact us:

Sales office open daily 9.00am – 5.00pm

Call our hotline on 01935 404639 or email us direct on corporate@yarlingtonhomes.co.uk for an appointment to view.

Price of property and weekly rent will be confirmed at the time of purchase. In addition to the capital cost of 50% share of the dwelling there is a rental and service charge payable to South Somerset Homes. The rent and service charge will increase annually.

To register an application

Please contact My Place on 0800 707 6 707 or online at www.search4myplace.co.uk

SHARED OWNERSHIP PROPERTIES AVAILABLE TO RESERVE NOW ...

Download the brochure with full details:

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Queens Park , Dorchester – completion January 2009
Brand new one and two bedroom apartments

Coming soon in Dorchester, an exciting new development consisting of one and two bedroom apartments that will be available for shared ownership.

This attractive market town with excellent shopping areas, close proximity to the popular seaside resort of Weymouth and picturesque country side on the doorstep make Dorchester a highly desirable town to live in.




* The Navy Blue Squares represent Block C and D

* UGF 1/2BF - Upper Ground Floor 1/2 Bedroom Flat
FF 1/2BF - First Floor 1/2 Bedroom Flat
SF 2BF - Second Floor 2 Bedroom Flat
**TBC - To Be Confirmed

The properties comprise of

Lowther Rd , Yeovil – completion April 2008
Brand new two and three bedroom houses

ONLY 1 PLOT REMAINING!



Click on the floor plan below to view

For more information, please contact Karolina on 01935 404639.

South Cadbury
Brand new two bedroom bungalow

Local people will have priority allocation.

The property has been designed to meet very high ecological standards. It will be fitted with Solar Panels, Air Source Heat Pump and Mechanical Ventilation with Heat Recovery. This will reduce the impact on our environment and lower resident’s running costs.

Download the Site Plan
Download the Floor Plan

For more information please contact Karolina Davies on 01935 404639.

Northbrook Road, Yeovil
Brand new two bedroom houses

Jocelyn Park, Chard - completion February 2008
Brand new one and two bedroom apartments

Heale Lane, Curry Rivel - completion April 2008
Brand new two bedroom bungalows

SHARED OWNERSHIP PROPERTIES
AVAILABLE FOR RESALE ...

Wheathill Way, Milborne Port
Two Bedroom Ground Floor Flat

We are looking to sell a 50% share of this property at £69,975 . There will be a monthly rental charge of £152.48 in addition to your mortgage repayments.

This ground floor apartment comprises of

• Large Hall
• Living Room/Dinning Room
• Kitchen/Breakfast Room
• Two Double Bedrooms
• Bathroom with electric shower
• Double glazing
• Parking
• NHBC

If you wish to be considered for the above scheme, please contact Karolina Davies on 01935 404639

Shrewsbury Road, Abbey Manor, Yeovil
One bedroom coach house with a garage

We are looking to sell a 50% share of this property at £68,000 . There will be a monthly rental charge of £142.04 in addition to your mortgage repayments.

COMPLETED SCHEMES ...

Monmouth Road, Yeovil
6 x 1-bedroom apartments

Mere Lynches Close, South Petherton
4x 2-bedroom houses
4 x 3-bedroom houses

Seymour Court , Yeovil
One bedroom ground floor flat

Barley Yard, North Street, Crewkerne (aka Old Brewery Site)
SOLD

4 x 1-bedroom apartments
11 x 2-bedroom apartments
5 x 2-bedroom houses

Charlton Adam, Neville Close - SOLD
9 x 2-bedroom houses

Larkhill Road, Yeovil - SOLD
6 x 2-bedroom flats
2 x 1-bedroom flats
4 x 3-bedroom houses

Bracey Road, Martock - SOLD
4 x 2-bedroom houses

Summerfields, Henstridge - SOLD
6 x 2 and 3-bedroom houses

Shrewsbury Road, Yeovil - SOLD
2 x 1-bedroom coach houses

Chatham Place , Curry Rivel - SOLD
1 x 2-bedroom house
2 x 3-bedroom houses

Wheathill Way, Milborne Port - SOLD
9 x 2 and 3-bedroom houses

Vincent Way, Martock - SOLD
4 x 3-bedroom houses