Discover Shared Ownership in County Durham

October 2018

Love to be able to purchase a new home but keep asking yourself “can I afford it?” The answer could lie with Shared Ownership.

Shared ownership is a government-backed scheme that allows you to buy a percentage share of a home, rather than the full amount – this makes the initial costs of buying more affordable! You can buy between a 25% and a 75% share, with the option to fully own your home in the future. You can do exactly that at Broadmeadows in Browney, County Durham.


 

Home Group have a collection of two and three bedroom homes at the popular Broadmeadows development, just 10 minutes from Durham city centre in the rural location of Browney. Perfect for families, these homes are within the catchment area for Durham Johnston Comprehensive School, rated “Outstanding” by Ofsted. Within the local area, there are various amenities close by including a Lidl, a Tesco Metro, Meadowfield Leisure Centre and various “Good” primary schools.


The homes at Broadmeadows provide versatile open plan living, fully integrated kitchens, turfed rear gardens and good-sized bedrooms. And, if you’re a growing family, you’ll be happy to know there is plenty of storage space, as well as off street parking bays for each home. The homes are ready to move into now, with incentives available on selected homes.

The homes start at £119,950, but with shared ownership, you could purchase a share for as little as £30,000 (25% share). This means your weekly repayments could be as low as £85 a week.


 

If you’re buying with a mortgage, you’d only need a 5% deposit on the share amount you’re buying, which means your mortgage deposit could be as little as £1,500. The share you purchase is dependent on your own affordability and personal circumstances.

If you’re looking for a two bedroom home, the last home on Springwood Close is available with plenty of incentives, including flooring throughout – so there’s even less for you to worry about! There are also three bedroom homes on Longhill Court and Littlewood Close, both with high specification kitchens and bathrooms.

If you’re interested in these lovely homes at Broadmeadows, you can find out more here or give Home Group a call on 0800 073 0600 – they’ll be more than happy to help!