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In this guide, we’ll explain exactly how service charges for shared owners work and what you can expect if you’re buying with Peabody.

Buying your first home can feel overwhelming, especially when you’re unsure of the real costs involved. Shared Ownership is designed to make homeownership more accessible, but many buyers still wonder: how much deposit do I need, how much rent will I pay, and what other costs should I expect?

Buying a home is one of the biggest financial commitments you can make. But what if you’ve just started a new job? Many people worry that without years of payslips, a mortgage is out of reach. The good news is that it’s still possible.

Rising property prices and high deposit requirements can make stepping onto the property ladder a real challenge.

For many first-time buyers owning a home is a real challenge as they can’t save enough for a deposit and property prices continue to rise. Against this backdrop, the so-called Bank of Mum and Dad has become one of the UK’s largest sources of support for homebuyers.

A part buy part rent scheme, also known as "Shared Ownership", offers a practical solution by allowing buyers to purchase a share of a home and pay rent on the remaining portion.