Low Cost Home Ownership

I’m Chris and I have been with Newydd since 2014. My main role is to help manage the private lettings arm, ‘Living Quarters Wales’. I also help the development team to promote and sell our new build homes for sale under our Low Cost Home Ownership scheme in The Vale.

I love this part of the job as I know how hard it is for people to get on the property ladder these days. The feeling you get knowing you’ve helped someone fulfill their dream of being a home-owner is special and rewarding. Having had personal experience buying under a similar scheme, it allows me to provide a better service for our buyers.

There are a lot of myths when you talk about buying a shared equity property, but I don’t think I would have gotten on the property ladder without a scheme like this. Recent market values can make you feel that homes are out of reach.

One of many benefits is that it makes it easier to save for a deposit due to the discount you can get under this scheme. For example, if you had a property that was worth £135,000 on the market and the shared equity percentage was 30%, you would only need to raise funds for the remaining 70%. In this instance, that would be £94,500.

Both the development and marketing teams are working hard to share and bust the myths of buying a Low Cost Home Ownership home. You may have spotted some of their videos, like this one: