Here at Platform, we love to hear your Shared Ownership stories—whether you're taking your first steps on the property ladder or moving on to your dream home.
Recently, we helped Ethan, an Army veteran, and his wife, Karren find their perfect new home via shared ownership.
After leaving a career in the military, which also meant leaving their home on a military estate, Ethan and his family were looking for something new - something which shared ownership made possible.
When Ethan left his career in the military, which also came with a home on a dedicated estate, he and his family suddenly found themselves looking for something new.
It wasn't long after this that Ethan found a new job in Gloucester, alongside a property in a beautiful area, but, like many people in today’s market, he was struggling to raise enough money for the deposit.
It was at this point that Ethan and his family discovered shared ownership.
Shared ownership is ideal for buyers who don’t have the savings for a deposit, since you’ll generally only need 5% - 10% of the share amount, rather than the full market value.
On a property worth £250,000, a 5% deposit on a 25% share would be as little as £3,125, as opposed to £12,500 for the full market value.
From Ethan’s perspective, he suddenly had the opportunity to buy in an area he truly loved. We sat down with Ethan to get an idea of how the process played out:
What made you choose Shared Ownership over other buying options?
Affordability!
How would you describe your overall experience with the Shared Ownership process?
Positive. We love our home, and it felt like our home before we even moved in.
How was your experience with the sales consultants at Platform? Would you recommend us to others?
They were really friendly and helpful!
What aspects of working with Platform did you find most helpful or satisfying?
Our lender caused a fair delay, but Platform reached out to their legal team and dealt with it promptly, helping speed the entire process along.
How has Shared Ownership impacted your lifestyle or future plans?
(Shared Ownership) is the only way that we could afford to get our lovely house. Now, it’s also giving us time to save and start staircasing.
Would you recommend Shared Ownership with Platform to others?
I’d definitely recommend them as they were extremely helpful whilst still being affordable in these trying times.
