Shared Ownership in Tweedmouth, Northumberland

Shared Ownership in Berwick upon Tweed, Northumberland- 2 bedroom Bungalow- £23,175- for 25% share

52 Sunnyside Mews, Berwick upon Tweed, Northumberland, TD15 2QJ

Shared Ownership

Shared Ownership is another way for you to buy your own home. You buy a percentage (between 40-75%) and pay a discounted rent on the rest. We own part of it, but it’s your home and depending on your lease, you can decide what to do with it and when to sell.

Buying a percentage means a smaller deposit and smaller mortgage, more importantly, it gets you on the property ladder sooner at a time that works for you and works in a way where you can buy shares to work towards owning 100% in the future. You’re in complete control.

Eligibility

• You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
• You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
• The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
• In addition, you may be required to pay a reduced rent as well as a mortgage.

Property listed on MovingSoon.co.uk by Johnnie Johnson Housing - Sales.

Please make sure you include a contact number and email address as well as quoting Property ID (#82865) when submitting your enquiry.