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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Stokesley Grange, 3-4 bed homes
Stokesley Grange, Stokesley is made up of three and four bedroom houses now available on part buy - part rent.
Local area information
Having first been awarded its market charter in 1223 by Henry lll, Stokesley is a town with a long and rich history. The customary market is held every Friday throughout the year, complemented by a farmers market on the first Saturday of every month and an annual agricultural show in September.
The high street is lined with an array of well-reserved Georgian buildings, whilst the beautiful river Leven is perfect for a relaxing riverside stroll, winding past the historic Packhorse Bridge until meeting the River Tees in Yarm.
The town centre also offers an eclectic range of independent shops, eateries and pubs. Acting as the commercial hub for the surrounding towns and villages, Stokesley town centre offers all the amenities one could need for daily life.
Young families will be pleased with the choice of local schools, as well as being able to take advantage of the various sporting and leisure clubs. The town also has a business park, home to a number of small and large businesses.
Conveniently located close to the A172 & A19, the development is ideal for commuters, offering links to Middlesbrough, Guisborough and Stockton.
Those who enjoy the great outdoors for a family day out can make the short journey to the breath-taking North Yorks Moors national park; as well as the popular coastal town of Whitby.
This wonderful location, combined with our outstanding choice of new homes, makes Stokesley Grange the perfect place to call home.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*
Min share price from: £47,488 for a 25% share
Full price from: £189,950
Minimum deposit from: £3,799
There is only one available priced at £47,488 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.