Anna Ross (39) used shared ownership to get access to a secure and life-long home for her and her three-year-old-son.
She was living in Bristol with her parents after separating from her partner and couldn’t afford to buy using a traditional mortgage. She was also restricted from using schemes designed solely for first-time buyers because she had previously been named on the property she lived in with her ex-partner, despite not paying into the mortgage there.
After signing up for alerts on Rightmove she came across a two bedroom flat in Portishead, Bristol, advertised by Aster Group for shared ownership. She successfully purchased a 55% share for £125,000 using a deposit of £14,000.
Anna said: "It was the most challenging time of my life. I quite literally just packed our life up into a car and drove to my parents’ house. I had one-months’ worth of maternity pay left, was about to give my company car back, and was signing the property over to my ex-partner so I was left with nothing. I didn’t know much about shared ownership until I came across the flat and contacted Aster. They gave me so much information about the scheme and within a week the flat was mine. There’s nothing more empowering than owning your own home so I think the Government should do all it can to raise awareness of schemes that are going to help people achieve that. The fact that at 39 I have finally done it makes me so happy. It has changed my life."