Shared ownership
(Sometimes known as "New Build Homebuy")
Shared ownership or New Build Homebuy is where you buy a
share of a newly built property and pay reduced rent to Broadacres
on the remaining share you do not own.
Gradually you may buy further shares (known as staircasing) and
eventually own your home outright. There are exceptions in some
rural areas where the maximum share you can purchase is 80%.
The share you purchase is funded by a mortgage, which you will
need to arrange with a bank or building society. In most cases you
start with a 50% share in a home, however sometimes you may
purchase a smaller or larger share.
You have the normal rights & responsibilities of a full
owner-occupier subject to terms and conditions of a Lease.
We have two types of shared ownership scheme:
1. New Build Homebuy
Applicants for this
scheme must also be approved by the Homes and Communities Agency's
appointed agent, currently My4walls (part of the Yorkshire Housing
Group).
2. Broadacres Shared Ownership
Broadacres
also operate their own shared ownership scheme and these
applications are dealt with directly by Broadacres.
Current or forthcoming New Build Homebuy or Broadacres
Shared Ownership schemes include:
- The Sidings, Eggborough, SELBY (New Build Homebuy)
- Placehill, Reeth, RICHMONDSHIRE (Broadacres Shared
Ownership)
- Catterick Village, RICHMONDSHIRE (New Build Homebuy)
- Newton on Ouse,York, HAMBLETON (New Build Homebuy)
- Rivendale, Extra Care Development, Northallerton, HAMBLETON
(New Build Homebuy)
- The Ardens, Northallerton, HAMBLETON (New Build
Homebuy)
- Linden Close, Great Ayton, HAMBLETON (New Build Homebuy)
- Pickering, RYEDALE (New Build Homebuy)
- Creamery, Whitby, SCARBOROUGH (New Build Homebuy)
- Hinderwell, Whitby, SCARBOROUGH (New Build Homebuy)
- Moorcroft, Middlestone Moor, Spennymoor, CO. DURHAM (Broadacres
Shared Ownership)
If you would like to register an interest please fill in our
online form (select "I
want to enquire about a property for sale" from the drop down
box).