You are likely to have to pay:

• Mortgage repayments, which will depend upon the amount you have borrowed, the interest rate and the term of the loan you have taken
• The rent, which will depend upon the share you have bought and the rent setting policy of the housing association
• Service charges, estate fees, management fees, building insurance – housing association’s often have different practices on how they refer to such fees. For example, some may lump them all together and simply call it a service charge.

It is important is that you clearly understand what the different costs are and how they are reviewed in the future. This will be detailed in the housing association’s Key Information about the Shared Ownership Home which should be provided to you before you reserve a home.