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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Willowburn Park, 4 bed homes


Willowburn Park, Alnwick, Northumberland County, NE66 2AD

Shared ownership

Starting prices

50% share from
£122,498
Full price
£244,995
Minimum deposit
£6,125
Monthly rent
£281

Overview

Willowburn Park, Alnwick is made up of 4 bedroom houses now available on part buy - part rent.


Local area information

Willowburn Park is a brand new development - offering a superb choice of homes tailored to suit any lifestyle. 

Alnwick dates back to around 600AD, with the impressive Alnwick Castle - once home to the most powerful medieval northern baronial family, the Earls of Northumberland - dominating the west of the town, above the River Aln.


Plot availability

Plot number The Lydford - 4 bed
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 50%
Minimum share price £122,498
Full market price £244,995

The 4 bedroom Lydford is well suited to those stepping up the property ladder who want the kitchen to be the hub of their home life.

Located off the entrance hallway is a kitchen/dining room that is the focal point of the property and which provides access to the private rear garden through French doors. Also on the ground floor are a lounge, a guest cloakroom and a handy utility room.

The en-suite master bedroom features plenty of space and is located to the rear of the house, off the upstairs landing. A second double bedroom, two further well-proportioned children’s bedrooms and a main bathroom complete the accommodation.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

  • Spacious modern kitchen/dining room
  • Separate family/lounge room
  • Guest cloaks
  • 4 spacious double bedrooms
  • Utility room

FAQ's

Min share price from: £122,498 for a 50% share
Full price from: £244,995
Minimum deposit from: £6,125
Bedrooms: 4
Bathrooms: 2

There is only one available priced at £122,498 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
£122,498
Full price
£244,995
Minimum deposit
£6,125
Monthly rent
£281