FABRICA are delighted to be a part of London Homes Show in September 2023, showcasing our thoughtfully designed award-winning homes in carefully considered locations, available with Shared Ownership and Private Sale.
Shared Ownership allows you to take out a mortgage on a property for a percentage of the price and pay rent on the rest.
18+ first time buyers with a household income below £90,000 in London, and £80,000 outside of London
How do the percentages work?
You need to be able to purchase a minimum percentage from 25% up to 50% of the property value. Your deposit however only needs to be 5-10% of the share you are buying, not of the full market value.
How does the rent work?
You only pay rent on the remaining value of the property - i.e. the remaining percent you do not own.
A new build home from FABRICA uses considerably less energy than an older home.
When you consider that in the twelve months to January 2023, electricity prices rose by 66.7% and gas prices by 129.4%, you can see how much of a difference choosing to buy a new build home makes.
Not only do owners of new build home benefit from the considerably lower energy bills that come from increased energy efficiency, but they and their homes are also much friendlier to the environment.