Wellington Place, Standish, Wigan, Greater Manchester WN6 0FG
Opening hours: Tuesday to Thursday 10.30 am
to 3:30 pm
SHARED OWNERSHIP (50% example share purchase + 50% rent)
1 bed from £96,500 + £362 pcm*
2 bed from £134,000 + £502 pcm*
*Prices subject to change. Financial support may be available. Anchor New Homes offers older person shared ownership opportunities across multiple developments, starting from as little as purchasing a 25% share of the home. Rent at 4.75 % is payable on the remaining share not purchased. Service charge is also payable. The share you can purchase is subject to your own personal financial circumstances. Depending on your financial circumstances, you could qualify for Government support towards your rent and service charge payments.
Ownership options
Shared Ownership
What is shared ownership?
Shared Ownership with Anchor is designed to give you flexibility when buying one of our new apartments without having to fund the entire value of the property. You would purchase a percentage of the property ranging between 25% – 90%, depending on the type of development and then pay rent on the remaining unpurchased percentage.
Reservation and deposit
£500 reservation fee (on cancellation prior to exchange of contracts this is refundable less reasonable administration costs). 10% of the purchase price is payable on exchange.
Benefits
- Enjoy all the benefits of an Anchor property at a more affordable price
- Purchase a percentage of your property to suit your financial circumstances and retain some flexibility and security for the future
- You will be required to pay rent on the unpurchased amount
Lease information
Tenure Type
39 properties of the 64 properties are available on a shared ownership basis, with shares starting from as low as 25% up to a maximum of 90% ownership. A 4.5% rent is payable on any unsold equity.
As a leaseholder you own the percentage agreed at point of sale of your apartment, but not the land it stands on. The land and remaining percentage remain owned by Anchor Hanover Group.
Lease Term
All the leases at The Standard are for 990 years. The start date for each lease will be confirmed within your lease agreement with us.