Posted: 03 Jun 2015
We are pleased to announce the launch of our new initiative Second Steps.
Second steps is an initiative for our existing shared owners that want or need to move, but are still unable to afford to buy a home outright. It allows them to find a suitable home for sale, which they would ordinarily be unable to afford. We then support them to buy the home on a shared Ownership basis. This makes the initial purchase, as well as the ongoing monthly payments more affordable than buying outright, but gives them the freedom to find the home of their choice.
We have designed this new offer in conjunction with the GLA, and are the first housing association in the country to deliver this new service specifically for shared owners. We have been given funding to help 50 customers as part of the pilot which launched in May.
During the pilot, Second Steps will only be available to existing Southern Housing Group shared ownership customers in London and they will be able to buy between 30% and 75% of their new property.
For more information on Second Steps, visit www.mysecondsteps.co.uk.