Looking for a shared ownership property in East Northants? This event could be for you

Anyone interested in shared ownership in East Northamptonshire can find out more at an event taking place next month.

Thursday, 26th May 2016, 10:52 am
Updated Thursday, 26th May 2016, 11:53 am
The shared ownership event is taking place next month

The event, organised by East Northamptonshire Council (ENC), will showcase what properties are available in the district with partner Housing Associations - The Longhurst Group, Orbit Homes and Cross Keys.

There are new developments in Higham Ferrers, Irthlingborough, Oundle, Raunds, Rushden and Thrapston which have two, three and four-bedroom houses available to buy on a shared ownership basis.

There is also a limited number of schemes with bungalows and apartments specifically for older clients.

Sign up to our daily newsletter

The i newsletter cut through the noise

The event is taking place from 11am to 2pm on Saturday, June 11, at Thrapston Plaza in Cosy Nook, Thrapston.

Anyone interested can go along to find out more about who can apply to buy on a shared ownership basis and what the mortgage and monthly payments could be.

ENC leader Cllr Steven North said: “We are excited to say yes to affordable home ownership in East Northamptonshire.

“Many people are unable to save a deposit for a mortgage and are having to delay getting a foot on the ladder.

“Shared ownership is a fantastic opportunity.

“It allows you to buy a share in a property and pay a subsidised rent on the share you do not own.

“It might provide the opportunity to own your own home sooner than you think possible.”

Housing association staff and mortgage advisors will be on hand to answer questions and guide people through the process.

Sales manager at Cross Keys Homes (CKH), John Purcell, said: “Shared ownership is becoming bigger and bigger as people realise it genuinely is an easy, flexible way to buy.

“You don’t need a high income or a really big deposit as the size of share is tailored to what you can realistically afford.

“In the future you can simply sell your stake for its market value at the time, or buy more shares until it’s all yours.

“It’s a bridge, if you like, between renting and actually owning your own home, a simple idea that really works.”

Sophie bought her two-bedroom home from CKH last year.

She said: “I had looked into buying outright, but it was impossible.

“Shared ownership has made a huge change in my life: having rented, it is fantastic to now own my own home.

“It’s the best decision I have made.”

People can register for the event by emailing [email protected] and a reminder will be sent nearer the time.

Anyone who is interested but cannot attend, can get in touch with ENC and they will send some literature out to you.

For more details follow @ENCouncil on Twitter or like the ENC Facebook page for updates.