Affinity Sutton's shared ownership scheme in Borehamwood

Borehamwood Times: Mr and Mrs Holtshausen with Harper Mr and Mrs Holtshausen with Harper

A couple desperate to get their feet on the housing ladder have been able to afford their own home thanks to a housing association scheme.

Dianne and Brian Holtshausen, who live in Manor Way in Borehamwood, wanted a home for their baby daughter Harper but had their deposit turned down by mortgage lenders.

They were finally able to buy their own home thanks to Affinity Sutton’s ‘shared ownership and staircasing’ scheme.

This allows house-buyers to purchase a minimum of 25 per cent share of a property in the first instance and pay rent for the rest. As more shares are bought the rent decreases.

Mrs Holthausen, 32, said:  “We would never have been able to afford to buy a home on the open market because the banks just wouldn’t accept our deposit. We had always planned on buying 100 per cent of the property and this has given us the tools to be able to do that.”

The couple are expecting their family to soon outgrow their one-bedroom flat, but will keep it as a place to downsize to when their children have flown the nest.

For more information on shared ownership or the staircasing process, contact Affinity Sutton on 0300 100 0303 on email sales@affinitysutton.com

Comments (3)

Please log in to enable comment sorting

4:24pm Sun 2 Feb 14

mr.taxpayer says...

This isn't a news story - People buy a flat? So what.

This is just an advert for Affinitiy Sutton trying to palm off expensive flats that no one locally wants or can afford.

These muppets can't even look after their current housing stock properly, there's no way I would invest a penny piece in these inept clowns.
This isn't a news story - People buy a flat? So what. This is just an advert for Affinitiy Sutton trying to palm off expensive flats that no one locally wants or can afford. These muppets can't even look after their current housing stock properly, there's no way I would invest a penny piece in these inept clowns. mr.taxpayer
  • Score: 4

1:30pm Mon 3 Feb 14

poshiesymons says...

so let me get this right , they cannot afford a standard mortgage ,so they get a half buy half rent property from affinity sutton .....then at the end of the story it basically says that they will soon outgrow the flat that there buying from affinity ,so will either buy or rent a second property until their kids flee the nest and then move back into the flat that this story is about.....why couldnt they get a mortgage exactly ? obviously they have enough money if they plan to expand the family and move into a second property whilst probably renting out the flat .
so let me get this right , they cannot afford a standard mortgage ,so they get a half buy half rent property from affinity sutton .....then at the end of the story it basically says that they will soon outgrow the flat that there buying from affinity ,so will either buy or rent a second property until their kids flee the nest and then move back into the flat that this story is about.....why couldnt they get a mortgage exactly ? obviously they have enough money if they plan to expand the family and move into a second property whilst probably renting out the flat . poshiesymons
  • Score: 5

3:09pm Mon 3 Feb 14

shorty says...

I don't think they can rent the flat out until they own the whole thing as it would be classed as sub letting.
I don't think they can rent the flat out until they own the whole thing as it would be classed as sub letting. shorty
  • Score: -1

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree