Landspeed Affordable Homes Ltd.

If you would like to buy a new home, but cannot afford current prices, a Landspeed shared purchase unit may be the answer.

We at Landspeed Affordable Homes have many years experience in dealing with shared ownership and shared equity properties and answers to some of the most frequently asked questions may address some of your queries. To view these frequently asked questions click here.

What is Shared Purchase?
An affordable way to get onto the property ladder.

Through our schemes you will initially buy a share of a property, usually based on no more than 75% of the open market value.

Your purchase can be funded by a mortgage but unlike other schemes, we do not charge rent on the unsold part (apart from an annual ground rent on shared ownership scheme).

We are presently working on bringing forward a number of schemes delivering, in excess of 400 affordable units, across England.

To register or apply for one of our current/future developments please print off, fill in and return the application form which you can find by clicking here.

Current Schemes:

Please follow this link to our brochure although please note SDLT position stated therein is different if you are not a first time buyer (brochure requires amendment).

East Cowes - Isle of Wight

28 Shared Equity Homes (Pricing schedule detailed below)

3 - 2 bedroon Flat over Garage

15 - 2 bedroom Houses

10 - 3 bedroom Houses

All units will be sold at 75% shared equity.

Purchasers will acquire the full freehold interest with the retained equity secured by Landspeed by way of a second legal charge.

There is no rent payable on the retained equity although there will be an annual estate management charge of around £200.

A minimum 5% deposit of shared equity price is required.

SDLT exempt for first time buyers up to March 2012 (Note: If you have bought property before then you will be liable for SDLT on the full value of the property (this overrides the brochure statement)

Please see the details above to apply today!

Plot Number	House Type	Size	OMV	75% Shared Equity	Status
1	Maidstone – 3bed ET	832ft²			Sold
2	Washington – 2bed MT	714ft²	£153,333	£115,000
3	Maidstone – 3bed ET	832ft²			Reserved
4	Maidstone – 3bed ET	832ft²	£176,666	£132,500
5	Washington – 2bed MT	714ft²			Reserved
6	Maidstone – 3bed ET	832ft²			Sold
7	Washington – 2bed Semi	714ft²			Sold
8	Washington – 2bed Semi	714ft²	£156,000	£117,000
9	Washington – 2bed Semi	714ft²			Reserved
10	Washington – 2bed Semi	714ft²	£156,000	£117,000
11	Washington – 2bed Semi	714ft²			Sold
12	Washington – 2bed Semi	714ft²	£156,000	£117,000
13	Washington – 2bed Semi	714ft²			Reserved
14	Washington – 2bed Semi	714ft²	£156,000	£117,000
15	Maidstone – 3bed Semi	832ft²			Reserved
16	Maidstone – 3bed Semi	832ft²	£180,000	£135,000
17	2 bed -Flat with Garage	663ft²	£140,000	£105,000
18	Maidstone – 3bed ET	832ft²			Sold
19	Maidstone – 3bed MT	832ft²			Reserved
20	Maidstone – 3bed MT	832ft²	£173,333	£130,000
21	Maidstone – 3bed ET	832ft²			Sold
22	Washington – 2bed ET	714ft²			Sold
23	Washington – 2bed MT	714ft²	£153,333	£115,000
24	2 bed - Flat with Garage	663ft²	£140,000	£105,000
25	Washington – 2bed MT	714ft²			Sold
26	Washington – 2bed MT	714ft²	£153,333	£115,000
27	Washington – 2bed ET	714ft²			Sold
28	2 bed - Flat with Garage	663ft²			Sold

There is also one garage available at a purchase price of £5,000 for a long leasehold interest.

Updated 30th January 2012.

Previous Developments:

	Central Birmingham - Completed 2010 Situated in the centre of Birmingham these luxury apartments were constructed by Regal Property Group as part of a larger develeopment. NO PROPERTIES AVAILABLE

	Hastings, East Sussex - Completed 2006 Situated in an attractive hillside location, less than four miles away from the town centre, these high quality apartments are constructed by Persimmon Homes one of the UK's most successful housebuilders. NO PROPERTIES AVAILABLE
	(read more)
	Little Plumstead, Norwich, Norfolk - Completed March 2007 Situated in an attractive countryside location, approximately 8 miles from Norwich City Centre, this selection of 29 shared ownership houses forms part of a larger development. The scheme comprises a mix of 12x2 bed and 17x3 bed houses. NO PROPERTIES AVAILABLE
	(read more) Please click here to see recent photographs of Little Plumstead.

back to previous page

Print this page