All sold at The Wickets

Stubbings team supports Merlion Housing with the sell-out success of shared equity homes

Last week the Stubbings team handed over four, shared equity homes at The Wickets in Hampshire on behalf of Merlion Housing. Four separate groups of happy home owners have now moved into their new homes and are ready to start enjoying life here!

Working in partnership with East Hampshire District Council, Merlion Housing was able to offer a collection of four, two and three-bedroom semi-detached homes in the desirable village of Rowledge. All of the homes were available through the Merlion shared equity scheme. Priority was given to local buyers, who otherwise wouldn’t have been able to afford to purchase a home in the area. The homes formed part of the wider The Wickets development, delivered by Bewley Homes.

The Stubbings team ran the entire sales function on behalf of Merlion Housing. From launching the homes for sale and marketing them across key property portals, to handling the customer journey all the way from initial enquiry through to customer handover, Stubbings provided support throughout.

The Merlion shared equity scheme is designed to assist purchasers onto the property ladder, enabling them to purchase between a 50% and 75% share, while owning 100% of the property.

The Merlion shared equity scheme
The Merlion shared equity scheme provides an affordable route into home ownership. The scheme works by providing the home buyer with an interest free equity loan, which will form part of the deposit, for the property being purchased. The home buyer then takes out a mortgage, as they usually would, on the balance of the property's purchase price.

The property will belong entirely to the home buyer, who should be able to access better mortgage deals, which otherwise would not have been available to them. Unlike many other schemes, home buyers have no rent or interest to pay on the remaining share.

Buyers are under no immediate obligation to repay Merlion Housing for the outstanding share of their home. Buyers are required to repay the outsaying share either upon the future sale of the property, or after 25 years, whichever comes first. Home owners can opt to purchase some or all of the outstanding share, during their time living in the home.

Calling house builders! Merlion Housing is looking for future opportunities. Through its unique shared equity scheme, Merlion Housing can assist you in meeting your Section 106 obligations, while providing local purchasers with an affordable and attractive route into home ownership, which sits seamlessly alongside your private sale offering. Merlion Housing can offer you a competitive price for your affordable units – regardless of whether you have one unit or 50 units available.

An expert in its field, Stubbings offers a full suite of sales and marketing services, specifically tailored for the new homes market. From producing in-depth development appraisals and project managing a developer’s scheme, to providing in-house marketing support or installing and/or managing a sales team on site, its experienced team can provide a tailored solution to meet any individual client’s specific requirements.

To find out more about how Stubbings Property Marketing could assist you, call the Stubbings team on 01628 482276 or email helen@stubbingsltd.co.uk