Riverside Mills

3 bedroom homes in Riverside Mills, Boroughbridge, Hounslow, YO51 9LN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £139,975 for 50% share
Full price from £279,950
Min deposit from £6,999
Monthly rent from £321
Bedrooms 3
Bathrooms 2
Parking 1

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

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.

Status Plot No. Floor Beds Min share price Eligibility
Available Eveleigh - 3 bed 878 3 £144,975 View details

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.
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.

Riverside Mills

3 bedroom homes in Riverside Mills, Boroughbridge, Hounslow, YO51 9LN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £139,975 for 50% share
Full price from £279,950
Min deposit from £6,999
Monthly rent from £321
Bedrooms 3
Bathrooms 2
Parking 1

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