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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Stannington Mews, 2 bed homes


Hugh Percy Court, Morpeth, Northumberland County, NE61 6FD

Shared ownership

Starting prices

25% share from
£38,750
Full price
£155,000
Minimum deposit
£1,950
Monthly rent
£266
Monthly service charge
£59

Overview

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If you're not quite ready to view in person yet, you can still book a virtual viewing; whichever works for you.

Located near Morpeth, in an idyllic spot close the exclusive Tranwell Woods estate, Stannington Mews is a beautiful collection of two and three-bedroom homes, with 11 available now through shared ownership.

Our homes offer the best of both worlds - all the space of a house with the versatility of apartment-style living. Each one features a high-specification throughout, with elegant open plan living area, stylish fitted kitchen and tiled bathroom and en-suite, as well as private parking and a garage. 

The full market value of these homes is from £155,000 but, with shared ownership, you could purchase an initial 25% share for just £38,750 and pay a monthly rent on the remaining share. This means your total monthly payments could be as low as £520. If you’re buying with a mortgage you would only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £1,950*

*This is based on a 25% share (£38,750) of a two bedroom house valued from £155,000 with a 5% mortgage deposit (£1,950). The estimated monthly service charge is approximately £59.

 Photos and CGIs are for illustrative purposes only and may feature previous developments


Local area information

Stannington Mews offers tranquil living in the heart of the beautiful Northumbrian countryside.

Surrounded by picturesque woodland, calm and serene days are guaranteed in your new home. You’re sure to love the benefits of clean air and great scenery, as well as being part of a growing community, with the village hall and local pub just a stone’s throw away. The area also boasts a range of highly-rated primary and secondary schools.

With a unique combination of history, heritage and beauty, the nearby market town of Morpeth truly highlights what Northumberland has to offer. You’ll find everything you need, from supermarkets to luxury high street shopping and live music, all within a 15-minute drive.

Stannington Mews is also just five minutes from the A1, so you're well-placed for commuting north and south, and if you still crave the city buzz, Newcastle City Centre is only 15 miles away.


FAQ's

Prices are not available yet for Stannington Mews but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for Stannington Mews but you can register your interest to be notified when prices become available.

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

Persona
Shared ownership

Starting prices

25% share from
£38,750
Full price
£155,000
Minimum deposit
£1,950
Monthly rent
£266
Monthly service charge
£59