Laureates

3 bedroom homes in Laureates Lane, Cockermouth, Allerdale, CA13 0HY

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £114,975 for 50% share
Full price from £229,950
Bedrooms 3
Bathrooms 1 - 2
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

At The Laureates, you’ll see that it is the coming together of all these. For this is a place unlike any other; one that offers the epitome of elegant living in a breathtaking setting. An exclusive development, it has been created to leave you wanting for nothing. It offers luxury family living that goes above and beyond every expectation.

Every bit as important as the development itself is its setting in the historic market town of Cockermouth. Here you can enjoy life at a different pace. Beautiful British countryside that has inspired our most famous poets through the centuries is yours to discover.

Status Plot No. Floor Beds Min share price Eligibility
Available Jonson House 3 £117,000 View details

FAQ's

Min share price from: £117,000 for a 50% share
Full price from: £234,000
Monthly rent from: £298
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £117,000 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.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Laureates

3 bedroom homes in Laureates Lane, Cockermouth, Allerdale, CA13 0HY

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £114,975 for 50% share
Full price from £229,950
Bedrooms 3
Bathrooms 1 - 2
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes