Shared ownership

Shared Ownership is when you rent part of your home and buy part of your home.

The smallest share you can buy is usually 25% and 75% is usually the maximum. You may need to take out a mortgage to pay for your share of the home's purchase price therefore overall monthly payments will depend on how much is borrowed and bank interest rates.

You can buy more shares in your home any time after you become the owner. The cost of your new share will depend on how much your home is worth when you want to buy the share. We will get the property valued and let you know the cost of your new share. You will have to pay the valuation fee.

You can view properties that we have available for shared ownership.

If you would like more information on shared ownership please contact our Development team on 0191 385 1979 or email development@cestria.org

Best decision we have ever made

Barry and Brenda bought their two bedroom bungalow in Glenside View, Pelton from Cestria in May and said it is the best decision they ever made.

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