IT worker Muhit Khan is thrilled to be enjoying life in his own home after Hightown Housing Association’s shared ownership scheme enabled him to move into a smart apartment in High Wycombe.
In a town where average property values are more than £430,000, and the average monthly rent is more than £1,000 , it would otherwise have been hard for 34-year-old Muhit to get his foot on the property ladder.
But Hightown’s shared ownership scheme offered him an easy and affordable way to buy his one-bedroom flat in Pallatia Court by giving him the opportunity to purchase a 50% share in the property and pay subsidised rent on the remaining share.
Muhit came down from his Sheffield hometown to work for car manufacturer Hyundai and had been renting for a year before setting his heart on finding his own property. He said that the apartment offered by Hightown “ticked all the right boxes” for him.
“It’s a new build complex, the kitchen is fully fitted and it was in a great condition so I knew I didn’t need to do any decorating. The price was competitive and the location is really convenient,” he said.
“My colleague at work lives in the same apartment block and they told me only good things, which made it a really easy decision. I was really excited and pleased to be moving into my own place and not to be paying someone else’s mortgage!”
Hightown, a charitable organisation aiming to help people unable to afford to buy or renthomes at market values, has also enabled 37-year-old Stephanie Bulger to fulfil her home ownership dream through their shared ownership scheme.
Estate agent Stephanie, who is married with a four-year-old daughter, is now the proud owner of a three-bedroom house in Longland Road, Buckingham.
Stephanie, who is originally from Aylesbury, said: “It’s a lovely house and in a great area. My daughter loves playing in the local park, which is just over the road from us.”
Meanwhile Muhit has been enjoying nearby National Trust estates as well as visiting London since he moved into his new home. He’s pictured during a recent weekend trip to Tower Bridge with friends.
You can find out more about Hightown’s shared ownership properties at www.hightownha.org.uk/find-a-home