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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Riverside Mills, 3 bed homes


Riverside Mills, Boroughbridge, Hounslow, YO51 9LN

Shared ownership

Starting prices

50% share from
£139,975
Full price
£279,950
Minimum deposit
£6,999
Monthly rent
£321

Overview

Riverside Mills , Boroughbridge is made up of 3 bedroom houses now available on part buy - part rent. 


Local area information

Riverside Mills is a collection of brand new houses for sale in Boroughbridge, a thriving town within the Harrogate district of North Yorkshire.
The town has a number of amenities which include a post office, pharmacy, vets, schools for all, local shops, restaurants and pubs. Having great commuter links with the A1 and approximately 18 miles north west of York, Riverside Mills offers both a picturesque location and the convenience of being well connected. In an area of natural scenic beauty, with attractive local villages, countryside and close to Boroughbridge Marina this is sure to be a popular development, so register today to avoid missing out on securing one of these desirable new homes for sale in Boroughbridge.


Plot availability

Plot number Eveleigh - 3 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £144,975
Full market price £289,950
Ownership Leasehold

3-bed home complete with open plan kitchen/diner, separate living area and downstairs cloakroom.

Upstairs benefits the master with adjoining ensuite, a further 2 bedrooms and the family bathroom.

 

Open plan kitchen/diner,

Separate living area,

Downstairs cloakroom,

Ensuite to the master


FAQ's

Min share price from: £144,975 for a 50% share
Full price from: £289,950
Minimum deposit from: £6,999
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £144,975 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
£139,975
Full price
£279,950
Minimum deposit
£6,999
Monthly rent
£321