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%.

Read more about Shared ownership (Opens in new window)

South Fields, 3 bed homes


A196 Stobhill, Morpeth, Northumberland County, NE61 2HU

Shared ownership

Starting prices

25% share from
£48,750
Full price
£195,000
Minimum deposit
£2,438
Monthly rent
£371

Overview

 Kickstart your home ownership journey! One of these wonderful homes could be yours with just a £2,438 deposit!

Learn more by contacting our Sales Team now and register your interest.


Local area information

At South Fields, Stobhill we have a number of high quality 3 bedroom homes, from an award-winning site manager. These homes are perfect for those looking to get onto the property ladder or find their new home in Morpeth.

You will find a great choice of shops, restaurants and schools all within a short distance which means the location is very popular with young professionals and families. 


Plot availability

Plot number The Maidstone
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £48,750
Full market price £195,000
Monthly rent £366
Ownership Leasehold

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £48,750 and a deposit as little as £2,438!

Shared Ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. Thirteen own 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 and you can also carry on buying shares to own your home 100%!

You can learn more about our Shared Ownership scheme here.

At South Fields, Stobhill we have a number of high quality 3 bedroom homes, from an award-winning site manager. These homes are perfect for those looking to get onto the property ladder or find their new home in Morpeth.

You will find a great choice of shops, restaurants and schools all within a short distance which means the location is very popular with young professionals and families. 

This 3 bedroom semi-detached Maidstone home comes with a range of features such as:

  • Spacious lounge
  • Downstairs w/c
  • Under stairs storage cupboard
  • Fitted kitchen with dining area
  • Two double bedrooms
  • Generously sized third bedroom
  • En-suite to master bedroom
  • Additional storage cupboard
  • 2 parking spaces

Estimated monthly finances on a Maidstone:

  • 25% share: £48,750
  • 5% deposit: £2,438
  • Total rent (pcm): £366

*Please note photography shown is for illustration purposes. Share offered is dependant on individual financial situation and may differ from those shown. 5% typical deposit required by mortgage lender, when mortgage is required. Actual deposit may vary based on lender and personal circumstances

Plot number The Moresby
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £52,500
Full market price £210,000
Monthly rent £392
Ownership Leasehold

As part of our Shared Ownership scheme, this home is available to purchase from a 25% share of £52,500 and a deposit as little as £2,625!

Shared Ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. Thirteen own 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 and you can also carry on buying shares to own your home 100%!

You can learn more about our Shared Ownership scheme here.

At South Fields, Stobhill we have a number of high quality 3 bedroom homes, from an award-winning site manager. These homes are perfect for those looking to get onto the property ladder or find their new home in Morpeth.

You will find a great choice of shops, restaurants and schools all within a short distance which means the location is very popular with young professionals and families. 

This 3 bedroom semi-detached Morseby home comes with a range of features such as:

  • Spacious lounge
  • Downstairs w/c
  • Fitted kitchen with dining area
  • Two double bedrooms
  • Generously sized third bedroom
  • En-suite to master bedroom
  • Storage cupboards
  • 2 parking spaces

Estimated monthly finances on a Morseby:

  • 25% share: £52,500
  • 5% deposit: £2,625
  • Total rent (pcm): £392

*Please note photography shown is for illustration purposes. Share offered is dependant on individual financial situation and may differ from those shown. 5% typical deposit required by mortgage lender, when mortgage is required. Actual deposit may vary based on lender and personal circumstances.


FAQ's

Min share price from: £48,750 for a 25% share
Full price from: £195,000
Minimum deposit from: £2,438
Monthly rent from: £366
Bedrooms: 3
Bathrooms: 2

There are 2 available ranging from £48,750 for a 25% share to £52,500 for a 25% 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

Thirteen
Shared ownership

Starting prices

25% share from
£48,750
Full price
£195,000
Minimum deposit
£2,438
Monthly rent
£371