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Trevarrian Drive

Shared ownership

Trevarrian Drive, Redcar, TS10 2RZ

For salenew home
Shared ownership
Photo of Trevarrian Drive
Live from space album cover

from

£127,500

with min. deposit

TBD

Overview

***Please quote TRE125 when enquiring***

- What the owner says -

"Quiet and well-kept area, easily maintained. Ample off-street parking and spacious garage. Good sized gardens front and rear. Double glazed windows and doors. Close to public transport, shops, schools, Redcar sea front and North York Moors.

 

- Full description - 

Looking to downsize or for somewhere easier to manage? We're sure you'd love to call this well presented, two bed bungalow home. With a south facing garden and just a stone's throw from the beach, can you afford to miss out? Call us to find out more!

 

Properties at Trevarrian Drive are available as part of an affordable …

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

from

£127,500

with min. deposit

TBD

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