(Northwards tenant and chair of the board, Sue Abbott, in front of one of the new homes)
The first of Manchester City Council's new shared ownership homes are now available in Charlestown.
Five new Taylor Wimpey homes on the Booth Hall development in Charlestown have been bought by the council and are available to buy as a shared ownership.
If you qualify for shared ownership, you can buy a share of between 25% and 75% of the property’s value (depending on your circumstances) and pay rent on the remaining share to Northwards. The monthly mortgage and rent can work out cheaper than buying outright, plus you can buy more shares over time.
First steps towards ownership
Sue Abbott, chair of the Northwards board said: “Managing this kind of housing option is a first for Northwards and we hope it’ll help some families who are eager to buy to take their first steps towards home ownership.”
The two and three bedroom homes – the first of 20 to be purchased by the council – are available to buy through Equity Living. Priority will be given to existing council tenants.
To be eligible to apply, you must:
- be over 18
- be unable to afford full ownership
- earn no more than £80,000 a year between applicants
- be able to access a mortgage and afford mortgage and rent payments over time
- usually be a British or EU/EA citizen, or have indefinite leave to remain in the UK
For further details on this shared ownership scheme, prices and eligibility, please:
Telephone Equity Living on 0161 486 7700
Or click the button below to take a look at the homes on Right Move:
Equity Living will be hosting an open day on the site for visitors to take a better look at the properties. This takes place this Sunday (29 April), 1-3pm. Give Equity a call on the number above for more details.