Building homes to meet customers’ needs and aspirations
Hundreds of affordable homes are under construction as a north-east housing association continues to realise its ambitious new build programme.
We’re building high-quality and energy-efficient affordable properties, from family homes to bungalows, in towns and rural communities stretching across County Durham and beyond.
Whether you’re a single buyer, a growing family or need a more accessible home, buying with believe housing could help you find your ideal home and get onto the property ladder.
You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs. You buy a share of the property and pay rent to a landlord on the rest.
For example – you might buy a 50% share in the property, and pay rent to the landlord for the remaining 50%. You may pay monthly ground rent and service charges, for example towards the maintenance of communal areas
The share you can buy is usually between 25% and 75%. You can buy a 10% share on some homes.
You can take out a mortgage to buy your share or pay for it with savings. You’ll also need to pay a deposit, usually between 5% and 10% of the share you’re buying.
You can buy more shares in your home in the future. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent. The amount of rent you pay will be based on the landlord’s share.
Seaside Lane offers a range of two, three and four-bedroom family homes, available for Rent to Buy in the sought after location of Easington Village, County Durham.
Easington Village boasts a wealth of amenities including shops, gyms, pubs, takeaways and a Post Office, and a choice of bars, cafes and restaurants are just a short drive away in neighbouring Seaham.view development
Sitting on Durham Road, at the eastern edge of the picturesque village, 20 new stunning affordable homes are being built.
The homes will be built of coursed sandstone with slate appearance roofs, so they are completely in keeping with the surrounding area.
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