Do you have a friend looking to buy their own home in Alphington?
Successfully refer them to one of our houses at either Heritage Green II or III and you'll receive £250 upon their completion.*
How do I refer a friend?
To refer your friend, simply email their name, email address and phone number to newbuildso@sovereign.org.uk with the subject line ‘Heritage Green II refer a friend'. Then, if your friend buys one of the selected 3 or 4 bed houses from Heritage Green II, we’ll send you £250 by BACS, within 60 days of the legal completion of the sale of their new home.
Shared Ownership from Heritage Green II & III
Living here you will have access to good local amenities including shops & a primary school. Exeter City centre is 11 minute drive providing a great selection of education, retail, sport, and leisure*.
The beautiful Dawlish Warren Beach, Haldon Forest Park, and magnificent Dartmoor National Park are also nearby, with miles of paths and trails for walking, running, cycling & observing nature.
Your friend must have a local connection to Devon Council.
Discover more about Heritage Green and the available homes here.
What is Shared Ownership?
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left.
It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
Shared Ownership could be for you if:
- You are over the age of 18
- Your household income is less than £80,000, or £90,000 in London
- You don’t already own a home at the time of buying your Shared Ownership property*
Prices starting from £112,000 for a 40% share, meaning you could purchase a brand new house in Alphington with a deposit from as little as £5,600 (based on a 5% deposit).
*What are the terms and conditions?
- SNG reserves the right to withdraw this offer at anytime
- Incentive not available in conjunction with any other offers
- Offer valid on our houses from Heritage Green II or III
- The £250 is non-negotiable and cannot be exchanged for any other amount, goods or services
- We may require additional information (within reason) from you to enable us to pay the £250
- Only one claim per household is permitted and you must provide your full name and property address to qualify
- SNG reserve the right to end this promotion at any time
- By submitting a referral, referrers hereby agree to the terms and conditions
- Personal data collected will be process in line with our privacy policy
FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
You buy a share in your home that’s right for you. That could be from either 10/25% and up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.