Platform Home Ownership has announced a range of upcoming shared ownership properties in Oxfordshire.

Named 'The Falcons', the Carterton properties on Milestone Road will comprise two, three, and four-bedroom homes under shared ownership and rent to buy schemes, aimed at providing affordable housing options for families and young professionals.

Shared ownership enables potential homeowners to buy a portion of a property and pay rent on the remaining value.

Buyers typically purchase between 25 per cent and 75 per cent of a property's value, which lowers upfront deposit needs to between five to 10 per cent of the purchased share rather than the full property value.

Over time, buyers have the option to buy more shares in their home, up to 100 per cent, through a process called 'staircasing'.

The rent to buy scheme involves a reduced rental rate for up to five years, with the tenant then able to buy the property or leave.

Alice Maddocks, regional sales manager at Platform, said: "Shared ownership is a great way to get onto the property ladder, and this development will make a perfect first home for young professionals or new families.

“Carterton is a wonderful location and a fantastic place to make your home. Not only is the town stunning, but the surrounding Oxfordshire countryside is also beautiful, ensuring there’s something for everyone."

She encouraged interested parties to enquire at their earliest convenience, anticipating the properties won't remain available for long.