Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

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Jubilee Gardens, 3-4 bed homes


Jubilee Gardens, Stockton-on-Tees, Stockton-on-Tees, TS20 2BG

Shared ownership

Starting prices

50% share from
£74,998
Full price
£149,995
Minimum deposit
£3,750
Monthly rent
£172

Overview

Jubilee Gardens, Stockton-on-Tees is made up of 3 and 4-bedroom houses now available on part buy - part rent.


Local area information

Jubilee Gardens is a stylish new development of 3 and 4 bedroom new homes in Stockton, near Middlesbrough. The development will feature a range of modern house designs that suit a range of needs and encourage modern family living.

With easy access to A66 and A19 as well as nearby cities, this will be a fantastic place to call home for commuters, families of all ages and first time buyers.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Derwent
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £82,500
Full market price £165,000
Ownership Leasehold

Stylish, modern 3 bedroom home ideal for family life. A spacious lounge leads into a light and airy open-plan kitchen diner with a feature glazed bay that opens out onto the rear garden - ideal for get-togethers and parties. Upstairs, there are three bedrooms, with the generously sized master bedroom featuring its own en suite and dressing area.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

3-bed home

Open plan kitchen/diner

Rear garden

Ensuite to the master

Dressing area to the master


FAQ's

Min share price from: £82,500 for a 50% share
Full price from: £165,000
Minimum deposit from: £3,750
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £82,500 for a 50% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Heylo Housing
Shared ownership

Starting prices

50% share from
£74,998
Full price
£149,995
Minimum deposit
£3,750
Monthly rent
£172