Shared Ownership city apartments come to Derby
Tuesday 26 April 2016
A range of 10 two bedroom apartments for Shared Ownership are
nearing completion in the heart of Derby city centre.
Launching at the end of May 2016, Riverside Home Ownership will
be offering the properties for sale at Castleward under the
government backed part buy-part rent scheme. Shared Ownership means
homebuyers purchase a share in the property that they can afford,
50% for example, and pay a rent to Riverside on the remainder.
Available to first time buyers and other eligible applicants,
the scheme means the deposit needed for a mortgage is less as
purchasers are only buying a percentage. The rent payable on the
remainder is reduced, so the monthly costs are less than having a
mortgage on the apartment outright.
As part of the flagship Castleward development, the new homes
will offer great quality fixtures and finishes throughout plus
either a parking space or on-street parking permit. Located just a
short walk from Derby Station and the Intu shopping centre, all
that the city centre has to offer is right on the doorstep.
Riverside Home Ownership manages over 4,000 leashold and shared
ownership properties around the country and will be providing
services to residents and shared areas at the development, payable
through a monthly service charge.
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