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Riverside Home Ownership has a selection of 2 and 3 bedroom
homes available for Shared Ownership on the flagship Metropolitan
development with Keepmoat Homes.
Shared Ownership homes are available to part-buy part-rent from
as little as 25%, depending on your personal circumstances.
Situated in the established suburb of Westerhope, an excellent
range of local amenities are on the doorstep. Just a few minutes'
drive from the A1, and 3 miles outside Newcastle, Metropolitan is
also in an ideal commuter location.
Finished to a high standard, our homes benefit from:
Quality fitted kitchens
Brushed steel oven, hob and cooker hood
Fresh white paint finishes throughout
Economical gas central heating
Front and rear landscaped gardens
Off road parking
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Shared Ownership means you buy a share in a property, say 50%,
and pay a rent and service charge on the share you don't own.
Because the rent element is reduced and the mortgage you need is
smaller, it's cheaper than buying it outright. In most cases,
you've got the option to buy more shares in the future, so you
could eventually own 100% of your home.
You're likely to qualify for Shared Ownership if you are a first
time buyer and wouldn't otherwise be able to afford to buy the
property outright. We'll let you know what share you can purchase
based on your individual finances and also check that the monthly
ownership costs are affordable for you in the longer term. You can
details on our website.