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Three 2-bedroom apartments in Loughton are now available to buy through shared ownership with B3Living.
What is shared ownership?
Shared ownership is an affordable housing scheme. You can part buy and part rent your home from B3@Home, a home ownership brand created by B3Living.
You will need a mortgage and deposit for your share. You will pay an affordable rent on the remaining share to B3@Home. The minimum initial share you can buy is 25% and the maximum is 75%.
Middleton Court
Middleton Court has three 2-bedroom apartments available to buy now through shared ownership. Priority will be given to people living or working in the Epping Forest district.
Each property comes with an integrated fridge freezer, dishwasher and washer/dryer, an allocated parking space, secure cycle storage. They are located near Debden Underground Station and Epping Forest, giving residents easy access to the City and surrounding Essex woodlands.
Eligibility and priority groups
You could be eligible for shared ownership if:
- Your household income is between £25,000 and £80,000
- You cannot buy a property on the open market for a variety of reasons
- You meet the eligibility criteria
Priority groups include:
- Current social housing tenants and serving military personnel
- First time buyers who are currently living in the Epping Forest district, who are eligible to go on housing list, and who have lived in the district for more than 5 years
- First time buyers who work in the Epping Forest district
Register your interest now
Helping first time buyers
Councillor Nigel Bedford, responsible for Housing at Epping Forest District Council said:
We are committed to building more houses and helping first time buyers get on the housing ladder, staying local and living in homes they can afford.
These new homes are of a fantastic quality and I am delighted they have been made available to Epping Forest district residents thanks to a great partnership between EFDC and B3Living.
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