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%.
Located in the historical town of Taunton, Northwalls Grange is a charming development of new homes ideal for first time buyers and families alike.
- Excellent transport links
- Exeter and Bristol airports just half an hour away
- History and beautiful period architecture
- Cultural attractions, events and shows
- Great bars, cafes, and restaurants
- Beautiful setting – Taunton is a regular winner of the Bloom Awards
- Cider! Sheppy’s Cider Farm is great for both cider and cheese tasting
- Taunton Farmer’s Market every Thursday
Local area information
Where is Northwalls Grange?
This fabulous Somerset Development is located in Taunton, which has been named the third friendliest place to live in the UK. Taunton boasts a famous castle which has origins dating back to the Anglo Saxons and a famous cricket ground. It also boast a large high street which combines local stores and well-known high street brands with a variety of places to eat and drink. It has quick links to the nearby cities of Bath, Bristol and Exeter via the M5. The local train station is a 10 minute drive away which provides alternative travel to many major towns and cities. As an additional source of transport, Bristol and Exeter airports are within easy reach, making it ideal for international travel.
What's near by?
-Pubs and restaurants
-Excellent schools for all ages
-University of Exeter a short drive away
-Plenty of shopping opportunities
Interested in something to do?
The popular retail shopping centre, Clarks Village is less than an hour’s drive away, which is home to many designer outlets and restaurants. Hestercombe Gardens is a short distance away which has a unique combination of garden designs including Coplestone, Georgian and Victorian. Looking for something to entertain your little ones? Diggerland in the nearby town of Cullompton is a 30 minute drive and offers a fun filled family day out and for the older children the nearby Vivary Adventure Centre provides a challenging action packed way to spend your day!
Min share price from: £73,000 for a 40% share
Full price from: £182,500
Minimum deposit from: £4,550
Monthly rent from: £251
There are 4 available ranging from £73,000 for a 40% share to £74,000 for a 40% 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.