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We can help you to get your foot on the home ownership ladder if you can't quite afford the full costs of buying a home yourself. We develop homes across the central south and south east regions of England, these being some of the most expensive areas to buy a home in the UK.
All of our schemes, mostly government backed, offer the option to buy outright in the future but there is never any obligation for you to do so. Our newbuild schemes are developed to very high standards, according to our specifications. They will often provide better space standards, storage, design and energy efficiency than is offered by other house builders because we have to meet the very high standards set by the Homes and Communities Agency in order to attract grants.
There may also be shared ownership 'resales' homes available from time to time, on a Shared ownership basis. Please check the available properties to buy page for more information.
Most of our homes are designed to help new home owners get a foot on the housing ladder and these are generally the under 30's but sometimes there are those who are over 55 or retired who would like some help too.
If you are struggling to maintain your present home, the garden may be proving too much to cope with and the heating costs too expensive, or you may be thinking about downsizing. To qualify for the scheme, you would need to prove that you do not have sufficient financial resources to enable you to buy suitable accommodation on the open market.
You also need to:
Most schemes will be sold as a 70% share and a service charge will be payable for the maintenance of the common areas, the garden and the services of the scheme manager. Usually provided are a residents lounge, a guest suite for your family and friends to visit, and activities may be arranged by the manager. You will still have your independence and your own front door, but you can join in with the activities if you wish and there is no need to feel lonely. You can also enjoy the garden without having to do all of the weeding!
However, separate to the above mentioned sheltered schemes, we may also build brand new properties that will be sold solely to over 55's. These would generally be sold based on Shared Ownership (ie part buy, part rent) and you would need to be able to fund a purchase of a share in a property ranging from 25% to 75% either through a mortgage or via a cash lump sum. You would also need to be able to pay rent and service charge on the remaining share.
For all schemes, under the Homes and Communities Agency's affordability assessment criteria, all purchasers will be expected to maximise what they can afford to buy.
Radian helps over 400 people every year to become a home owner.
Please note that it is important to seek independent legal advice before committing yourself to any purchase under the scheme.
Click here for a list of available Radian properties to buy
Swaythling Housing Society Limited, part of the Radian Group, also sell homes on the open market, under the brand Radian Homes.
For more information and to see the properties avialable to purchase on the open market, visit the dedicated website, www.radianhomes.co.uk
Call: 0800 232 1319