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SHARED OWNERSHIP

£27,499 - £113,996

Essendene Rise

2 and 3 bedroom houses
North Seaton, Ashington, Northumberland

 
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More information about Essendene Rise...

Our two and three bedroom homes at Essendene Rise are in a desirable location within easy reach of local amenities and a short drive from the coast.

The Ash, our two bedroom home, is perfect for a couple looking for their first home. The Cherry is a great home for a family, offering good-sized rooms and living spaces. These homes are available as semi-detached and terraced.

Prices start from £109,995, but with our shared ownership scheme, you could be purchasing a share for as little £27,499 (25% share). This means your payments could be as low as £356 a month*, making the cost of buying a new home more affordable.

If you're buying with a mortgage, you'd only need a 5% deposit on the share you purchase, which means your mortgage deposit could be as little as £1,375. The share you purchase is dependent on your affordability and personal circumstances.

What is Shared Ownership?
Our homes are available through our shared ownership scheme; a part-buy, part-rent scheme making it easier and more affordable for you to get on the property ladder. With shared ownership, there is no need to save up an extortionate deposit and your monthly repayments will be affordable to you.

To qualify for shared ownership, there are few boxes you need to tick:
You are not currently a homeowner.
You have a household income of less than £80,000.
You have a sufficient deposit (a minimum of 5%) for the percentage of the home you'd like a mortgage for.
You can prove you can afford the monthly mortgage repayments.
Estimated monthly service charge: £29
*This is based on a 25% share (£27,499) of a two bedroom house valued from £109,995 with a 5% mortgage deposit (£1,375). Photos are for illustrative purposes only.

Images may not necessarily depict the actual development and in some cases may be a typical example.